Andrews Company currently has the following balances in their


Question Description:

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Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $66,479,265 Common Stock: $13,308,000 Retained Earnings: $14,317,504 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? $94,104,769 $145,604,769 $115,604,769 $14,317,504

Answer

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