Balance Sheet

DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends.

ASSETS			2021	2020
			Common Size
Cash	$2,342		1.8%	$8,322
Accounts Receivable	$9,854		7.6%	$9,627
Inventory	$30,848		23.9%	$63,354
Total Current Assets		$43,044	33.4%	$81,303
Plant & Equipment	$146,424		113.6%	$96,824
Accumulated Depreciation	($60,626)		-47.1%	($50,864)
Total Fixed Assets		$85,798	66.6%	$45,960
Total Assets		$128,842	100.0%	$127,264
LIABILITIES & OWNERS' EQUITY
Accounts Payable	$3,759		2.9%	$8,938
Current Debt	$32,810		25.5%	$10,000
Long Term Debt	$36,768		28.5%	$41,931
Total Liabilities		$73,337	56.9%	$60,869
Common Stock	$12,080		9.4%	$12,080
Retained Earnings	$43,425		33.7%	$54,314
Total Equity		$55,505	43.1%	$66,394
Total Liab. & O. Equity		$128,842	100.0%	$127,264

Andrews Corp. ended the year carrying $30,848,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Andrews Corp.?

Select: 1

	$46,612,000
	$31,950,000
	$61,527,840
	$30,848,000