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What must the total assets be next year

    Assignment Instructions

    Assignment ID: FG132571289

    The chester Company currently has the following balances on their balance sheet:
    Total Liabilities $123,299
    Common Stock $48,845
    Retained Earnings $24,021
    Question 1: Suppose next year the Chester Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?
    Select: 1
    Option a- $217,665
    Option b- $72,866
    Option c- $247,665
    Option d- $196,165

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