Question

Casello Mowing & Landscaping’s year-end 2018 balance sheet lists current assets of $436,200, fixed assets of $551,800, current liabilities of $417,600, and long-term debt of $316,500.

Calculate Casello’s total stockholders’ equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.)

Answer 1

Current assets	436200
(+) Fixed assets	551800
Total assets	988000

Current liabilities	417600
(+) Long-term debt	316500
Total liabilities	734100

Total assets	988000
(-) Total liabilities	734100
Total stockholders' equity	253900