assets: cash and marketable securities $600,000 accounts receivable 900,000 inventories 1,500,000 prepaid expenses 75,000 total current assets $3,075,000 fixed assets 8,000,000 less: accum. depr. (2,075,000) net fixed assets $5,925,000 total assets $9,000,000 liabilities: accounts payable $800,000 notes payable 700,000 accrued taxes 50,000 total current liabilities $1,550,000
