Reference no: EM132381058
Net Fixed Assets in 2016 = $10,000
Total Current Liabilities in 2016 = $5,000
Net Income in 2016 = $2,000
Common dividends in 2016 = $500
Retained earnings in Balance Sheet 2015 = $12,500
Common Stock in 2015 = $10,000
There is no other items in the stock owners section in the balance sheets of 2015 and 2016. There is no issuance of equity in 2016.
1. What is the amount for Total Assets in 2016?
2. What is amount for Total Liabilities + Equity for 2016?3. What is the addition to retained earnings in 2016?
4. What is the amount for Retained Earnings in the Balance Sheet in 2016?
5. What is the amount for Common Stock in the Balance Sheet in 2016?
6. What is the amount for Total Common Equity in the Balance Sheet for 2016?
7. What is the amount for Long-Term Liabilities (Long-term debt + Other long-term liabilities) in the Balance Sheet in 2016?
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