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At the end of the fiscal year 20X2, Rainier Construction Co., Inc. has the following financial profile (all figures are trb'diollars): Total Assets $1,200,000 $850,000
At the end of the fiscal year 20X2, Rainier Construction Co., Inc. has the following financial profile (all figures are trb'diollars): Total Assets $1,200,000 $850,000 $300,000 $265,000 Total Liabilities Total Revenue before taxes Total expenses a) What is the total net worth of this company? b) Did the net worth increase, decrease, or remain the same compared to the previous year 20x1? c) What is the income after taxes? (Assume a 50% tax rate)
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