The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $56,080 Common Stock $10,729 Retained Earnings $60,351 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?
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- $148,660
- $127,160
- $178,660
- $71,080
Jos Simulation Answered question April 8, 2025
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