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What is the total equity amount for the year

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Problem 1: Red Heart has the following information for the years 2017 and 2018. Cash 19,750 and 21,150.Accounts Receivable 13,000 and 15,340.Inventory 4,500 and 6,700. Marketable Security 4,200 and 5,500. Prepaid Insurance 800 and 900.Machinery 15,000 and 14,000. Equipment 7,500 and 6,500. Accumulated Depreciation is 520 and 750. The total equity for 2018 increased by 44% compared to 2017. If the Debt to Equity ratio for 2017 is 122% and for 2018 is 67%, what is the total equity amount for the year 2018?

Reference no: EM132773093

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