At the beginning of the year, Parker Corporation's assets are $350,000 and its equity is $240,000. During the year, assets increase by $120,000 and liabilities increase by $45,000. What is the equity at the end of the year?

At the beginning of the year, Parker Corporation's assets are $350,000 and its equity is $240,000. During the year, assets increase by $120,000 and liabilities increase by $45,000. What is the equity at the end of the year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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Answer with accounting

At the beginning of the year, Parker Corporation's assets are $350,000 and its
equity is $240,000. During the year, assets increase by $120,000 and liabilities
increase by $45,000. What is the equity at the end of the year?

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