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The following figures are available from Company ABCs Income Statement and Balance Sheet at the...

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Accounting

The following figures are available from Company ABCs Income Statement and Balance Sheet at the end of the fiscal year 2011, before distributing the profit.

Total Assets $ 1,000,000

Total Liabilities $ 650,000

Total Revenue $ 300,000

Total Expenses $ 250,000

a) What is the total net worth of this company?

b) How much would the net worth increase/decrease if all profit would be retained in the company?

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