Earth’s Best Company has sales of $200,000, a net income of $15,000, and the following balance sheet: Cash$ 10,000 Accounts payable$ 30,000 Receivables50,000 Other current liabilities20,000 Inventories150,000 Long-term debt 50,000 Net fixed assets 90,000 Common equity200,000 Total assets$300,000 Total liabilities Read More …