### How do evaluate what was the company profit for the year

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##### Reference no: EM132607141

Question 1: At the start of the most recent financial year a company had assets of \$156 million and liabilities of \$64 million. At the end of the financial year the company had assets of \$233 million and liabilities of \$144 million. During the year, shareholders contributed additional capital of \$54 million and the company paid a dividend of \$16 million. What was the company's profit for the year?

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