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How do evaluate what was the company profit for the year

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Reference no: EM132607141

Question 1: At the start of the most recent financial year a company had assets of $156 million and liabilities of $64 million. At the end of the financial year the company had assets of $233 million and liabilities of $144 million. During the year, shareholders contributed additional capital of $54 million and the company paid a dividend of $16 million. What was the company's profit for the year?

Reference no: EM132607141

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