Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Cash and equivalents $90 $75 Accounts receivable 275 300 Inventories 375 350 Total current assets $740 $725 Net plant and equipment 2,000 1,490 Total assets $2,740 $2,215 Accounts payable $150 $85 Accruals 75 50 Notes payable 140 165 Total current liabilities $365 $300 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 700 400 Total liabilities and equity $2,740 $2,215