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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
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