The condensed financial statements of Elliott Company for the years | |||
2013 and 2014 are presented below. | |||
ELLIOTT COMPANY | |||
Balance Sheets | |||
December 31( in thousands) | |||
2014 |
2013 |
||
Current assets Cash and cash equivalents |
$ 330 |
$ 360 |
|
Accounts receivable( net) |
545 |
475 |
|
Inventory |
640 |
570 |
|
Prepaid expenses |
130 |
160 |
|
Total current assets |
1,645 1,565 |
||
Property, plant, and equipment( net) |
410 |
380 |
|
Investments |
85 |
85 |
|
Intangibles and other assets |
530 |
510 |
|
Total assets |
$ 2,670 $ 2,540 |
||
Current liabilities |
$ 895 |
$ 865 |
|
Long-term liabilities |
660 |
560 |
|
Stockholders’ equity— common |
1,115 1,115 |
||
Total liabilities | |||
and stockholders’ |
$ 2,670 $ 2,540 |
||
equity | |||