Answered: The total assets of Lafayette Company… | bartleby

Corporate Fin Focused Approach

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8P

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Question

What is the amount of the company's total liabilities?

The total assets of Lafayette Company are $66,030. Common
stock account is $22,480, dividends are $8,980, revenues are
$43,960, and expenses are $39,080. What is the amount of the
company's total liabilities?

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please give me answer
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