Question: Construct a balance sheet for Galactic Enterprises given the following data: Cash balances ........................... $25,000 Inventories ................................ $30,000 Net plant and equipment ..... $140,000 Accounts

Construct a balance sheet for Galactic Enterprises given the following data:

Cash balances ........................... $25,000

Inventories ................................ $30,000

Net plant and equipment ..... $140,000

Accounts receivable ................ $35,000

Accounts payable .................... $24,000

Long-term debt ..................... $130,000


What is shareholders’ equity?

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