Question: To better understand if it was possible to consider opening more locations, Robert wanted to know how much equity he had in his business and

To better understand if it was possible to consider opening more locations, Robert wanted to know how much equity he had in his business and used the following totals to help in his calculations: Beginning capital = $35,000 Drawings = $4,000 Net income = $18,000 Investment by owner = $9,000 __________ was the ending owners equity that Robert calculated.

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