What is the total common equity

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Reference no: EM134007306

Problem

A company reported the following data for a given year:

1) $24 million in net income
2) $230 million in common stock
3) $56 million in preferred stock
4) $78 million retained earnings

Based on the data reported, what is the total common equity (in millions)? Get the instant assignment help.

Reference no: EM134007306

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