At the end of the year the company had net assets of 300000

Reference no: EM13477162

Execon Company had total assets of $200,000, total liabilities of $110,000, and shareholders' equity of $90,000 at the beginning of the year. For the year, Execon Company earned net income of $75,000 and declared cash dividends of $30,000. At the end of the year, the company had total assets of $300,000 and its shareholders' equity was at $135,000. At the end of the year, Execon Corporation had total liabilities of?

Reference no: EM13477162

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