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Sadaf Oman Company started the year with total assets of RO 500,000, and total liabilities of RO 250,000. The company ended the year with total

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Sadaf Oman Company started the year with total assets of RO 500,000, and total liabilities of RO 250,000. The company ended the year with total assets of RO 360,000, and total liabilities of RO 50,000. What was the change in the company's equity during the year? O a. Total equity did not change during the year b. Total equity decreased by RO 60,000 O c Total equity increased by RO 250,000 d. None of the options are correct O e Total equity decreased by RO 310,000 Sadaf Oman Company sells pizzas, and for that the company purchases cheese, sausage, flour, and vegetables on credit from suppliers. All these suppliers to whom Sadaf Oman Company owes money are its: O a. Creditors O b. Debtors Oc Competitors d. Customers

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