GHI Inc.'s most recent annual net income before taxes is $64,000; its operating expenses are $12,000; its interest expenses are $7,000; its tax rate is 25%; it pays a dividend of $5,000; its beginning equity was $120,000. What is GHI's ending equity?

Answer rating: 100% (QA)

To calculate GHI Incs ending equity we need to consider the changes in equity ... View the full answer