this years sales ended at $4.2 million. there was a profit of 25 percent, a retention ratio of 30 percent, and expected sales of $7.2 million within the next year.

Assets

Current assets $ 1,974,000 Assets Liabilities and Equity

Fixed assets3,600,000 Current liabilities $1,512,000

Long-term debt1,900,000

Equity2,162,000

Total assets $5,574,000 Total liabilities andTotal assets $5,574,000