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7. Joe Doakes was reading the balance sheet of Gogoldze Inc. when he spilled coffee on it. After the coffee spill, the balance sheet looked
7.
Joe Doakes was reading the balance sheet of Gogoldze Inc. when he spilled coffee on it. After the coffee spill, the balance sheet looked like this:
($ millions) | 12/31/2015 |
Cash | 100 |
Accounts Receivable | 245 |
Inventory | 450 |
Other Current Assets | 60 |
Current Assets | 855 |
Net Property, Plant, & Equipment | 1,160 |
Total Assets | 2,015 |
Accounts Payable | 160 |
Other Current Liabilities | 250 |
Current Liabilities | 410 |
Long-term Liabilities | 900 |
Common Stock | 50 |
Additional Paid-in Capital | 300 |
Retained Earnings | coffee |
Total Liabilities and SE | coffee |
What was Gogoldze Inc.'s Retained Earnings at 12/31/2015?
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