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Consider the following balance sheets and selected data from the income statement of Keith Corporation. December 31 Assets 2015 2014 Cash $ 1,500 $ 1,000
Consider the following balance sheets and selected data from the income statement of Keith Corporation.
December 31 Assets 2015 2014 Cash $ 1,500 $ 1,000 Marketable securities 1,800 1,200 Accounts receivable 2,000 1,800 Inventories 2,900 2,800 Total current assets $ 8,200 $ 6,800 Gross fixed assets $29,500 $28,100 Less: Accumulated depreciation 14,700 13,100 Net fixed assets $14,800 $15,000 Total assets $23,000 $21,800 Liabilities and stockholders
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