Westlake Construction's year-end 2024 balance sheet lists current assets of $625,800, fixed assets of $945,200, current liabilities of $538,400, and long-term debt of $472,600. Calculate Westlake's total stockholders' equity.

Westlake Construction's year-end 2024 balance sheet lists current assets of $625,800, fixed assets of $945,200, current liabilities of $538,400, and long-term debt of $472,600. Calculate Westlake's total stockholders' equity.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 5P: Balance Sheet Calculations Cornerstone Development Companys balance sheet information at the end of...

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Question

Please provide the solution to this general accounting question using proper accounting principles.

Westlake Construction's year-end 2024 balance sheet
lists current assets of $625,800, fixed assets of $945,200,
current liabilities of $538,400, and long-term debt of
$472,600. Calculate Westlake's total stockholders' equity.

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