Question: please help. I will give a positive response for those who can answer. Tic-Tac Homes has had the following balance sheet statements the past four
please help. I will give a positive response for those who can answer.

Tic-Tac Homes has had the following balance sheet statements the past four years (in thousands): 20X1 20X2 20X3 20X4 Cash 214 93 42 38 Receivables 1,213 1,569 1,846 2,562 Inventories 2,102 2,893 3,678 4,261 Net fixed assets 2,219 2,346 2,388 2,692 Total assets 5,748 6,901 7,954 9,553 Accounts payable 1,131 1,578 1,848 2,968 Notes payable 500 650 750 750 Accruals 656 861 1,289 1,743 Long-term debt 500 800 800 800 Common stock 200 200 200 200 Retained earnings 2,761 2,812 3,067 3,092 Total liabilities and shareholders' equity 5,748 6,901 7,954 9,553 Required: 1. Using index analysis, what are the major problems in the company's financial condition? 2. Using common-size analysis, comment on the company's financial condition
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