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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any

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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 2015 Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 2,500 11,500 16,000 $30,000 $20,000 $50,000 $ 9,500 5,500 $22,000 $15000 $37,000 2,000 11.000 $13,000 $50,000 t (Mill 2015 en $87,500 Net sales

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