Question
2. Seminole Systems, Inc. has the following financial data: Current Liabilities = $300,000 Debt/equity ratio = 120% Retained Earnings = $600,000 Paid-in-capital = $200,000 Total
2. Seminole Systems, Inc. has the following financial data:
Current Liabilities = $300,000
Debt/equity ratio = 120%
Retained Earnings = $600,000
Paid-in-capital = $200,000
Total Liabilities = $1.8 million
Based on the above data, calculate the common stock balance for the firm.
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Financial Management Principles And Applications
Authors: Sheridan Titman, John Martin
14th Global Edition
1292349824, 978-1292349824
