Andrews Company currently has the following balances in their liability and equity accounts:
Total Liabilities: $97,506,198
Common Stock: $48,308,000
Retained Earnings: $70,835,600
Suppose next year the Andrews Company generates $36,500,000 in Net Profit, pays $15,000,000 in dividends, and total liabilities and common stock remain unchanged. What must their total assets be next year?
$268,149,798
$216,649,798
$238,149,798
$70,835,600
Jos Simulation Answered question April 6, 2025
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