How much retained earnings did the firm have

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Reference no: EM131020600

Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2011. On that date the firm had cash and marketable securities of $25,135, accounts receivables of $43,758, inventory of $184,812, net fixed assets of $486,328, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $105,573, and common stock of $150,000. How much retained earnings did the firm have?

Reference no: EM131020600

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