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Casello Mowing & Landscaping’s year-end 2018 balance sheet lists current assets of $435,900, fixed assets of...

Casello Mowing & Landscaping’s year-end 2018 balance sheet lists current assets of $435,900, fixed assets of $550,100, current liabilities of $417,300, and long-term debt of $315,900.

Calculate Casello’s total stockholders’ equity.

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Answer #1

Stockholder's Equity = (435,900 + 550,100) - (417,300 + 315,900)

Stockholder's Equity = $252,800

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