What is the firms equity if the firms stock and capital


CalcTech has $930,000 in current assets and $320,000 in fixed assets less $108,000 in accumulated depreciation. The firm’s current liabilities total $350,000 and the long-term liabilities $185,000.

What is the firm’s equity?

If the firm’s stock and capital surplus total $402,000, what is the value for retained earnings?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the firms equity if the firms stock and capital
Reference No:- TGS02831455

Expected delivery within 24 Hours