End-of-year Balance sheet\ cash

=$20,000

\ Recievables

=50,000

\ Inventories

=150,000

\ Net fong-term debt

=80,000

\ Net fixed assets

=90,000

common Equity

=220,000

\ Total assets

=$310,000

Total liabilites and\ equity

=$310,000

\ Next year - firm has netincome

=$20,000

\ Does not repurchase any stock, does not\ issue any stock. Pays dividend

=$5,000

\ Inucsts

=$10,000

\ Next year, common Equity =?

End-of-year Balance sheet cash =$20,000 Accounts Payable =$140,000 Recievables =50,000 other current liabilits =20,000 Inventories =150,000 Long-term debt =80,000 Net fixed assets =90,000 common Equity =220,000 Total assets =$310,000 Total liabilites and equity =$310,000 Next year - firm has netincome =$20,000 Does not repurchase any stock, does not issue any stock. Pays dividend =$5,000 Invests =$10,000 Next year, Common Equity =