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Company A shows consistent profits over the years. Its last report shows revenues in the amount of $10 million and COGS $7 million. It
Company A shows consistent profits over the years. Its last report shows revenues in the amount of $10 million and COGS $7 million. It did not pay dividends on that last report. Based on that information alone, which of the following statements is true? a. Total assets of company A are in excess of $10 million. b. The equity of company A is in excess of $3 million. c. Total liabilities equal $3 million. d. Total expenses cannot exceed of $3 million. e. None of the above.
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