Quantitative Problem: Rosnan Industries' 2013 and 2012 ba lance sheets and income statements are shown below. Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $100 275 375 $750 2,300 $3,050 $85 300 250 $635 1,490 $2,125 Total current assets Net plant and equipment Total assets Accounts payable Accruals Notes payable $150 75 150 $375 450 1,225 1,000 $3,050 $85 50 75 $210 290 1,225 400 $2,125 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT 1,250 $1,350 100 $1,250 $2,600$1,600 1,000 $600 75 $525