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JJ Cool L, Inc. reported 2014 net income of $2.65 million and depreciation of $468,000. The top part of JJ Cool L, Inc.'s 2013 and

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JJ Cool L, Inc. reported 2014 net income of $2.65 million and depreciation of $468,000. The top part of JJ Cool L, Inc.'s 2013 and 2014 balance sheets is listed below (in millions of dollars).

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Current assets: 2013 2014 Current liabilities: 2013 2014 Cash and marketable Accrued wages and securities $ 2.25 $ 2.55 taxes $ 3.18 $ 3.35 Accounts receivable 13.25 14.62 Accounts payable 7.95 9.01 Inventory 19.40 21.38 Notes payable 7.08 7.96 Total $34.90 $38.55 Total $18.21 $20.32

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