Answered: Pyramid Company's assets total 77.500…

Pyramid Company's assets total 77.500 euros and its liabilities total 42.500 euros. What is the amount of Pyramid's retained earnings if its capital stock amounts to 25.000 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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Question

Provide correct answer the accounting question

Pyramid Company's assets total 77.500 euros and its
liabilities total 42.500 euros. What is the amount of
Pyramid's retained earnings if its capital stock
amounts to 25.000 euros?

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