FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries’s 2014 and 2015 balance sheets (in thousands of dollars) are shown.
2015 | 2014 | |
Cash | $102,850 | $ 89,725 |
Accounts receivable | 103,365 | 85,527 |
Inventories | 38,444 | 34.982 |
Total current assets | $244,659 | $210,234 |
Net fixed assets | 67,165 | 42,436 |
Total assets | $311,824 | $252,670 |
Accounts payable | $ 30,761 | $ 23,109 |
Accruals | 30,477 | 22,656 |
Notes payable | 16,717 | 14,217 |
Total current liabilities | $ 77,955 | $ 59,982 |
Long-term debt | 76,264 | 63,914 |
Total liabilities | $154,219 | $123,896 |
Common stock | 100,000 | 90,000 |
Retained earnings | 57,605 | 38,774 |
Total common equity | $157,605 | $128,774 |
Total liabilities and equity | $311,824 | $252,670 |
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