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What must the total assets be next year

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Reference no: EM132571289

The chester Company currently has the following balances on their balance sheet:

Total Liabilities $123,299

Common Stock $48,845

Retained Earnings $24,021

Question 1: Suppose next year the Chester Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

Select: 1

Option a- $217,665

Option b- $72,866

Option c- $247,665

Option d- $196,165

Reference no: EM132571289

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