What must their total liabilities be next year

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Reference no: EM131546745

The Baldwin company currently has the following balances on their balance sheet:

    Assets                        $240,266

    Common Stock         $54,553

    Retained earnings   $46,355

Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?

Reference no: EM131546745

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