Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had  common stock of $55,000, paid-in surplus of $11,200, and retained earnings of $48,420. At the end of  the year, the firm had total equity of $142,430. The firm paid dividends of $32,500.  What is the amount of the net new equity raised during the year?

 

 Western Hardwoods has total equity of $318,456, a profit margin of 3.79 percent, an equity multiplier  of 1.68, and a total asset turnover of .97.  What is the amount of the firm's sales?

Answer rating: 100% (QA)

1 To find the amount of net new equity raised during the year for Leslie Printing you can use the fo... View the full answer