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What must their total assets be next year

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Reference no: EM131979587

Question - The Baldwin Company currently has the following balances on their balance sheet:

Total Liabilities $138,888

Common Stock $55,651

Retained Earnings $43,516

Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

$259,555

$99,167

$289,555

$238,055

Reference no: EM131979587

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