10 During the previous year, Computron had doubled its plant capacity, opened new sales offices outside its home territory, and launched an 11 expensive advertising campaign. Cochran was assigned to evaluate the impact of the changes. She began by gathering financial statements and 12 other data. 13 14 Computron's Balance Sheets (Millions of Dollars) 15 16 Assets 17 Cash and equivalents 18 Short-term investments 19 Accounts receivable 2018 2019 $ 60 $ 50 100 10 400 520 20 Inventories 620 820 21 Total current assets $ 1,180 $ 1,400 22 Gross fixed assets $ 3,900 $ 4,820 23 Less: Accumulated depreciation 1,000 1,320 24 Net fixed assets $ 2,900 $ 3,500 25 Total assets $ 4.080 $ 4,900 26 27 Liabilities and equity 28 Accounts payable 29 Notes payable 30 Accruals 31 Total current liabilities 32 Long-term bonds 33 Total liabilities 34 Common stock 35 Retained earnings 36 Total equity 37 Total liabilities and equity 38 39 40 Computron's Income Statement (Millions of Dollars) Mini Case Ready Circular References Sheet1 SA $ 300 S 400 50 250 200 240 $ 550 S 890 800 1,100 $ 1,350 S 1,990 1,000 1,000 1,730 1,910 $ 2,730 S 2,910 $ 4,080 $ 4,900