A. Leslie Printing has net income of $26,310 for the year. At the beginning of...
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A. Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had common stock of $55,000, paid-in surplus of $11,200, and retained earnings of $48,420. At the end of the year, the firm had total equity of $142,430. The firm paid dividends of $32,500.
What is the amount of the net new equity raised during the year?
1B. Western Hardwoods has total equity of $318,456, a profit margin of 3.79 percent, an equity multiplier of 1.68, and a total asset turnover of .97.
What is the amount of the firm's sales?
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