Question
Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $9,663,902, accurals of $1,387,918, inventory of $1,436,991, accounts receivable of
Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $9,663,902, accurals of $1,387,918, inventory of $1,436,991, accounts receivable of $809,133, accounts payable worth $2,058,497, and notes payable worth $603,128. Their net fixed assets were $3,863,669 while their long-term debt was $1,351,875. Calculate the firm's Total Common Equity.
Tucson Rental Company provided the following information to its auditors. For the year ended March 31, 2015 the company had revenues of 6,468,024, cost of goods sold of 1,535,950 depreciation expense of 728,890 and interest expense equal to $50,020. It'saverage tax rate is 35%. What is it's Net Income after taxes?
Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $7,616,673, accurals of $556,733, inventory of $1,376,072, accounts receivable of $590,601, accounts payable worth $2,191,680, and notes payable worth $722,921. Their net fixed assets were $4,124,072 while their long-term debt was $1,252,767. Calculate the firm's Total Assets.
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