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What was gooseberry clinic dollar growth in assets

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Reference no: EM133156236

Question - Gooseberry Clinic had total assets of $750,000 and an equity balance of $400,000 at year ending June 30, 2019. One year later, at year ending June 30, 2020, the clinic had $925,000 in assets and $450,000 in equity.

Required -

a. What was Gooseberry Clinic's dollar growth in assets during 2020?

b. How was this growth financed? (Include $$ calculations of each capital category.)

Reference no: EM133156236

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