Question: Building a balance sheet - Romo Inc. has current assets of $1,850; net fixed assets of $8,600; current liabilities of $1,600; and long term debt
Building a balance sheet - Romo Inc. has current assets of $1,850; net fixed assets of $8,600; current liabilities of $1,600; and long term debt of $6,100. Prepare a balance Sheet for Romo, What is the value of the shareholder's equity? What is the firm's net Working capital? Suppose the firm paid out $1,000 in cash dividends. What is the addition to retained earnings
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