The Baldwin company currently has the following balances on
their balance sheet: Assets $172,846 Common Stock $9,552 Retained
earnings $96,765 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?
a. $34,683
b. $14,683
c. $66,529
d. $44,235
- The Baldwin Company Currently Has The Following Balances On Their Balance Sheet Assets 172 846 Common Stock 9 552 Ret 1 (28.53 KiB) Viewed 28 times
Balance Sheet Survey Baldwin Chester Andrews $0 Cash $40,324 Accounts Receivable Inventory Total Current Assets $43,656 $20,882 $15,416 $79,954 $14,892 $18,338 S73,555 Digby $37,466 $17,864 $ $17,600 $72,929 S3,921 $107,306 $111,226 $131,960 (569,503) S62,457 Plant and equipment Accumulated Depreciation Total Fixed Assets $152,460 (559,568) S92,892 $289,999 (98.104) $282,914 (589,641) $ 193,274 $191,895 Total Assets $173,684 $172,846 $265,450 $266,203 $11,787 $5,012 $64,119 $11,002 S34,594 S30,432 $11.913 $17,416 $29,329 $37,201 S45,596 Accounts Payable Current Debt Total Current Liabilities Long Term Debt Total Liabilities Common Stock S42,219 $117,675 $ 163,271 $113,300 $155,518 S69,131 S52,631 $121,762 S61,208 (59,287) S51,922 S66,530 59,552 S96,765 S60,649 $41,530 S102,179 $57,292 $53,393 Retained Earnings Total Equity Total Liabilities & Owner's Equity $106.316 $110.685 $173,684 $172,846 $265,450 $266,203