CONDENSED BALANCE SHEETS - USD ($)	Nov. 30, 2019	Feb. 28, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 8,988,900	$ 3,199,300
Accounts receivable, less allowance for doubtful accounts of $247,700 (November 30) and $268,600 (February 28)	4,064,300	3,258,800
Inventories - Net	29,673,800	33,445,600
Prepaid expenses and other assets	972,000	1,603,500
Total current assets	43,699,000	41,507,200
INVENTORIES - Net	915,900	575,000
PROPERTY, PLANT AND EQUIPMENT - Net	26,512,700	27,164,600
OTHER ASSETS	67,400	19,500
TOTAL ASSETS	71,195,000	69,266,300
CURRENT LIABILITIES
Accounts payable	12,007,500	14,228,600
Deferred revenues	494,800	965,600
Current maturities of long-term debt	1,053,600	945,900
Accrued salaries and commissions	3,186,400	2,039,000
Income taxes payable	1,347,400	756,400
Dividends payable	423,500	410,100
Other current liabilities	4,164,700	4,177,900
Total current liabilities	22,677,900	23,523,500
LONG-TERM DEBT - Net of current maturities	18,003,600	18,830,700
DEFERRED INCOME TAXES - Net	953,700	872,600
OTHER LONG-TERM LIABILITIES	148,500	109,000
Total liabilities	41,783,700	43,335,800
SHAREHOLDERS' EQUITY
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,400,080 (November 30) and 12,092,080 (February 28) shares; Outstanding 8,388,016 (November 30) and 8,195,082 (February 28) shares	2,480,000	2,418,400
Capital in excess of par value	9,603,400	8,975,100
Retained earnings	29,607,200	25,754,900
	41,690,600	37,148,400
Less treasury stock, at cost	(12,279,300)	(11,217,900)
Total shareholders' equity	29,411,300	25,930,500
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 71,195,000	$ 69,266,300