Solution-How much retained earnings did the firm have

How much retained earnings did the firm have

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Reference no: EM13510485

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 receivable of $43,758, inventory of $167,112, net fixed assets of $325,422, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $223,125, and common stock of $150,000. How much retained earnings did the firm have?

Reference no: EM13510485

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How much retained earnings did the firm have

Reference no: EM13510485

Reference no: EM13510485

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