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The Chester's balance sheet has $112,774,000 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and
The Chester's balance sheet has $112,774,000 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year? Select: 1 $35.18 $77.58 $18.02 $36.12
SSETS 2021 Common Size 19.896 6.496 6.1% 2020 ash ccounts Receivable S49,203 $15,814 15,095 S28,228 14,650 $17,93 otal Current Assets 580,112 32.2% S60,817 lant & Equipment 5278,120 d Depreciation ($107,539) 111.0% -43.3% 5276,120 (589,181 otal Fixed Assets 5168,551 67.8% 5188,9 otal Assets 5248,663 100.0% 5247,776 IABILITIES & OWNERS QUITY ccounts Payable urrent Debt ong Term Debt 59,138 S33,177 S93,574 3.7% 13.3% 37.8% 59,658 S28,1 5108,788 5148,635 S55,84 otsl Liabilities $135,889 64.696 ommon Stock 58,005 54,768 23.3% 22.096 Retained Earnings Total Equity Total Liab. & O. Equity S45,495 5101,143 5247,776 $112,774 45.496 5248,663 100.0% SSETS 2021 Common Size 19.896 6.496 6.1% 2020 ash ccounts Receivable S49,203 $15,814 15,095 S28,228 14,650 $17,93 otal Current Assets 580,112 32.2% S60,817 lant & Equipment 5278,120 d Depreciation ($107,539) 111.0% -43.3% 5276,120 (589,181 otal Fixed Assets 5168,551 67.8% 5188,9 otal Assets 5248,663 100.0% 5247,776 IABILITIES & OWNERS QUITY ccounts Payable urrent Debt ong Term Debt 59,138 S33,177 S93,574 3.7% 13.3% 37.8% 59,658 S28,1 5108,788 5148,635 S55,84 otsl Liabilities $135,889 64.696 ommon Stock 58,005 54,768 23.3% 22.096 Retained Earnings Total Equity Total Liab. & O. Equity S45,495 5101,143 5247,776 $112,774 45.496 5248,663 100.0%Step by Step Solution
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