Question
Joe Doakes was reading the balance sheet of Samco Capacitors Inc. when he spilled coffe on it. After the coffee spill, the balance sheet looked
Joe Doakes was reading the balance sheet of Samco Capacitors Inc. when he spilled coffe on it. After the coffee spill, the balance sheet looked like this:-
($ millions) 12/31/2015
cash 100
Accounts Receivable 245
Inventory 450
Other Current Assets 60
Current Assets 855
Net property, Plant, & Equip 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
Reatined Earnings coffee
Total Liabilities and SE coffee
What was Samo's Retained Earnings at 12/31/2015?
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