| Total Assets |
= |
$1,200,000.00 |
|
|
|
|
| Total Liabilities |
= |
$850,000.00 |
|
|
|
|
| Total Revenue Before Taxes |
= |
$300,000.00 |
|
|
|
|
| Total Expenses |
= |
$265,000.00 |
(a) What is the net worth of the company
(b) Did the net Worth Increase, decrease or remain the samecampared to FY 19X1? Why?
(c) What is the income after taxes? (Assume a 50% tax rate)