Question
Joe Doakes was reading the balance sheet of Gogoldze Inc. when he spilled coffee on it. After the coffee spill, the balance sheet looked like
Joe Doakes was reading the balance sheet of Gogoldze Inc. when he spilled coffee on it. After the coffee spill, the balance sheet looked like this: ($ millions) 12/13/2015 Cash 100 Accounts Receivable 245 Inventory 450 Other Current Assets 60 Current Assets 855 Net Property, Plant, & Equipment 1,160 Total Assets 2,015 Accounts Payable 160 Other Current Liabilities 250 Current Liabilities 410 Long-term Liabilities 900 Common Stock 50 Additional Paid-in Capital 300 Retained Earnings coffee Total Liabilities and LE coffee What was Gogoldze Inc.'s Retained Earnings at 12/31/2015? $550 $960 $3,675 ($55) $355
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