The following figures are available from Company ABCs Income Statement and Balance Sheet at the...
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Accounting
The following figures are available from Company ABCs Income Statement and Balance Sheet at the end of the fiscal year 2011, before distributing the profit.
Total Assets $ 1,000,000
Total Liabilities $ 650,000
Total Revenue $ 300,000
Total Expenses $ 250,000
a) What is the total net worth of this company?
b) How much would the net worth increase/decrease if all profit would be retained in the company?
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