What amount would be a good profit margin

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Question - Keeping the Fundamental Accounting Equation in mind (Assets = Liabilities + Equity), categorize the items below into the proper category for a simple balance sheet. Please provide the balance sheet in its entirety, not just the answer to the equation.

Equipment 250000

Accounts Payable 50000

Cash 25000

Loans Payable 125000

Buildings 400000

Retained Earnings 710000

Land 125000

Accounts Receivable 50000

Inventory 35000

Balance Sheet (All Assets = Liabilities + Equity). Both side should be the same amount. The breakeven point is the amount that would cover all costs (rent, material, advertising). Also, to make a profit he would need to sell more than that amount. Mention what amount would be a good profit margin.

Reference no: EM132992117

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