QUESTION 27 A firm has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $30,000, and the following balance sheet Cash $ 20,000 Accounts payable $ 40,000 Receivables 50,000 Other current liabilities 40,000 Inventories 150,000 Long term debt 60,000 Net fixed assets 90 000 Common equity 170 000 Total assets $310 000 Total liabilities and equity $310 000 Assume that next year the firm again has net income of $30,000 pays a $10,000 dividend to shareholders, does not repurchase any stock does not issue any stock, and makes a capital investment of $10,000 to buy some additional equipment Next year, Common Equity will be

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QUESTION 27 A firm has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $30,000, and the following balance sheet Cash $ 20,000 Accounts payable $ 40,000 Receivables 50,000 Other current liabilities 40,000 Inventories 150,000 Long term debt 60,000 Net fixed assets 90 000 Common equity 170 000 Total assets $310 000 Total liabilities and equity $310 000 Assume that next year the firm again has net income of $30,000 pays a $10,000 dividend to shareholders, does not repurchase any stock does not issue any stock, and makes a capital investment of $10,000 to buy some additional equipment  Next year, Common Equity will be

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QUESTION 27 A firm has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $30,000, and the following balance sheet Cash

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