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Please explain to me how you got the answer Financial statements for Revnik Company follow. REVNIK COMPANY Balance Sheets As of December 31 Assets Current

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Financial statements for Revnik Company follow. REVNIK COMPANY Balance Sheets As of December 31 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Total assets Liabilities and Stockholders' Equity Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payablew O Ask me anything 2015 16,000 12,000 6,000 20,000 46,000 54,000 135,000 143,000 25,000 10,000 250,000 217,000 27,000 20,000 270,000 255,000 29,000 24,000 $576,000 $516,000 17,000 6,000 113,800 100,000 21,000 15,000 151,800 121,000 100,000 100,000 32,000 27,000

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