Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $252.695 million Total...
| Midyear on July 31st, the Digby Corporation's balance sheet
reported: Total Assets of $252.695 million Total Common Stock of $7.620 million Cash of $12.060 million Retained Earnings of $57.396 million. What were the Digby Corporation's total liabilities? |
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| Select: 1 | ||||||||
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Homework Answers
Answer:
- $187.679 million
Explanation:
- Total shareholder equity = Total common stock + retained earnings = $65.016
- Total liabilities = total assets - shareholder equity = 252.695-65.016 = $187.679 million (Answer)
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