One impact of our NMTC financing was to inflate both the co-op’s assets and liabilities. Now that we have exited this program, both our assets and liabilities have been reduced. Our balance sheet is now a clearer representation of the co-op’s financial position. Key balance sheet ratios, including our debt-to-equity and current ratios, are now much stronger than they have been at any point since our expansion in FY2015. The increase in equity of over $1.7 million was primarily due to positive net income. Our retained earnings improved from negative $211,239 to positive $914,198.
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