What is the value for retained earnings

Reference no: EM132171534

Question: CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in accumulated depreciation. The firm's current liabilities total $350,000, and the long-term liabilities $185,000.

(a) What is the firm's equity?

(b) If the firm's stock and capital surplus total $402,000, what is the value for retained earnings?

Reference no: EM132171534

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