Company reported the following amounts on its balance sheet (in thousands): Year End Assets Liabilities Shareholders' Equity Year 2 $336,000 $110,000 $266,000 Year 1 262,000 76,000 186,000 No dividends were declared and no additional investments of capital were made in the company during Year 2.

What is the company's net income for Year 2 (in thousands)? 

Answer rating: 100% (QA)

We can find the companys net income for Year 2 using the concept of the balance she... View the full answer