For the year 2002, total assets = 300, current assets = 100, net income = 150,...
For the year 2002, total assets = 300, current assets = 100, net income = 150, dividends = 75, and equity = 150. If the company does not issue equity next year, what will be the equity the following year (2003)
Homework Answers
Th equity for the next year will be :
The beginning equity balance + ( net income - dividends )
= $150 + ( $150 - $75)
= $225
So, the ending equity balance or the equity for (2003) is $225.
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For the year 2002, total assets = 300, current assets = 100, net
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