Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below Balance Sheets: 2013 2012 $85 300 250 $635 1,490 $2,125 Cash and equivalents Accounts receivable Inventories $100 275 375 $750 2,300 $3,050 Total current assets Net plant and equipment Total assets $85 50 75 $210 290 1,225 400 $2,125 Accounts payable Accruals Notes payable $150 75 150 $375 450 1,225 1,000 $3,050 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity