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Mulligan Corporation ended its fiscal year on September 30, 2016, with cash of $77 million, accounts receivable of $27 million, property and equipment of $27
Mulligan Corporation ended its fiscal year on September 30, 2016, with cash of $77 million, accounts receivable of $27 million, property and equipment of $27 million, and other long-term assets of $25 million. The company's liabilities consist of accounts payable of $34 million and long-term notes payable of $23 million. Mulligan Corporation has total stockholders' equity of $99 million: of this total, common stock is S28 million. Solve for the company's ending retained earnings and then prepare Mulligan Corporation's balance sheet at September 30, 2016. Use a proper heading on the balance sheet. Begin by solving for the company's ending retained earnings. (Enter your answer in millions.) Mulligan Corporation's ending retained earnings balance is $ million
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