At the end of the year, Triton Corporation has total assets of 120,000 euros and total liabilities of 70,000 euros. What is the amount of Triton's retained earnings if its capital stock amounts to 35,000 euros?

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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At the end of the year, Triton Corporation has total assets of 120,000 euros and total liabilities of 70,000 euros. What is the amount of Triton's retained earnings if its capital stock amounts to 35,000 euros?

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