What is the firm equity, Matbach Industries has $870,000 in

What is the firm equity

Reference no: EM132171540

Question: Matbach Industries has $870,000 in current assets and $430,000 in fixed assets less $180,000 in accumulated depreciation. The firm's current liabilities total $330,000, and the long-term liabilities $115,000.

(a) What is the firm's equity?

(b) If the firm's stock and capital surplus total $305,000, what is the value for retained earnings?

Reference no: EM132171540

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