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Hello, I have this exercise from my Investment class but I need to know the procedure...

Last year ABC company had the following data Net Sales million) # 1,200 Cost of G . Sold 780 Gross Profit Margin na 420 Depre

Cash 200 3000 900 A keceivables inventory Net fixed assets Notes payable Acounts payable Acruals 88 8 8 8 220.00 H0.00 20.00

Hello, I have this exercise from my Investment class but I need to know the procedure of how to reach the results. Could you help me? Thank you.

Last year ABC company had the following data Net Sales million) # 1,200 Cost of G . Sold 780 Gross Profit Margin na 420 Depreciation 0. Expences 120 Adm. Expences 129 Operating Profit Interest Profit Before Tax Taxes Net Income
Cash 200 3000 900 A keceivables inventory Net fixed assets Notes payable Acounts payable Acruals' 88 8 8 8 220.00 H0.00 20.00 nmon stock par 1.50 Long Term Debt 250.00 Common Stock Aditional paid in cap. Retained earnings - Find total Equity? TOD. 200 00 570
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Answer #1

In order to find Total equity you must add these items:

1) Common stock

2) Additional paid in capital

3) Retained earnings

In the above case, Total equity would be = common stock + Additional paid in capital + retained earnings

= $100 + 200 + $570

= $870

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