A company reports the following on its balance sheet: ⚫ Total Liabilities: $245,800 ⚫ Total Stockholders' Equity: $312,400 What is the value of its total assets?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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A company reports the following on its balance sheet:
⚫ Total Liabilities: $245,800
⚫ Total Stockholders' Equity: $312,400
What is the value of its total assets?
Transcribed Image Text:A company reports the following on its balance sheet: ⚫ Total Liabilities: $245,800 ⚫ Total Stockholders' Equity: $312,400 What is the value of its total assets?
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