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Question 39 1 pts Using the information provided in the following description, answer question #39: The current Balance Sheets of your business reported $100,000 for
Question 39 1 pts Using the information provided in the following description, answer question #39: The current Balance Sheets of your business reported $100,000 for Total Owners' Equity. Out of this, $75,000 belonged to the Retained Earnings; and $25,000 belonged to Common Stock. There are no other records. Last year's Balance Sheet showed the amount of the Total Owners' Equity was $90,000. The amount of Common Stock (of last year) was $25,000; and the Retained Earnings (of last year) was $65,000. During the year, there was no dividends (either declared or paid). Also there was no additional investments made by owners. 39. If the business has not declared or paid dividends at all during this year, what is the amount of the Net Profit? Please do not put "$" or in your answer. Put only the correct number. Put 2000 if your answer is $2,000. D Question 40 1 pts Using the information provided in the following description, answer question #40: 40. This year's Balance Sheet of your business shows $50,000 of the Total Current Asset; and $40,000 of the Total Current Liabilities. Determine the amount of your business' Current Asset for $1.00 of the Current Liabilities. Provide your answer by rounding to the second decimal (as in ###) Please do not put "$" or "' in your answer. Put only the correct number. Put 12.34 if your answer is $12.335. If your answer is $54.324, put 54.32
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