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Earth's Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $15,000, and the following balance sheet: 10,000 Accounts
Earth's Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $15,000, and the following balance sheet: 10,000 Accounts payable 30,000 20,000 50,000 200,000 $300.000 Cash Receivables 50,000 Other current liabilities 150,000 Lng-term debt Net fixed assets90,000 Common equity $300,000 Total assets Total liabilities and equity Assume that next year the firm again has net income of $15,000 pays a $5,000 dividend to shareholders, does not repurchase any stock, does not issue any stock, and makes a capital investment of $10,000 to buy some additional equipment. Next year, Common Equity will be
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