Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2017 2016 $85 200 250 $635 1,490 $2,125 Cash and equivalents Accounts receivable Inventories $100 275 375 $750 2,000 $2,750 Total current assets Net plant and equipment Total assets $150 75 150 $375 450 1,225 700 $2,750 $85 50 75 $210 290 1,225 400 $2,125 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity