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Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $80,392,783 Common Stock: $16,308,000 Retained Earnings: -$11,189,961 Suppose next year
Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $80,392,783 Common Stock: $16,308,000 Retained Earnings: -$11,189,961 Suppose next year the Andrews Company generates $36,500,000 in Net Profit, pays $15,000,000 in dividends, and total liabilities and common stock remain unchanged. What must their total assets be next year? $85,510,822 -$11,189,961 $137,010,822 $107,010,822
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