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Business, 22.02.2021 19:30 jasminechambers642

Below is the balance sheet for Glucose Control Company as of Dec. 31, 2015. The company reported an annual net income of $86,000 for the following year, 2016, but did not change its or tiabilities, unless otherwise noted. Assets Liabilities and Equity
Cash 8000 Accounts payable 16000
Marketable securities2,000 Notes payable 6000
Accounts receivable 6,000 Current liabilities 22000
Inventory 45000 Long term debt 95000
Current assets 61000 Total liabilities 117000
Machines 34000 Paid in capital 20000
Real estate 800000 Reatained earnings 38000
Fixed assets 114000 Equity 58000
Total assets 175000 Total liab. & equity 175000
a. If the company distributed its entire net income as dividends, what would be the value of total equity on Dec. 31, 2016?
b. If the company distributed half of its net income as dividends and used the rest to invest in nevw machines, what would be the value of total equity on Dec. 31, 2016?
c. If the company didn't pay any dividends, but used the entire net income to pay back long-term debt, what would be the value of total equity on Dec. 31, 2016?
d. If the company distributed half of its net income as dividends, used the rest to invest in new machines and sold all its marketable securities to pay back some long-term debt, what would be the value of total equity on Dec. 31, 2016?

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Below is the balance sheet for Glucose Control Company as of Dec. 31, 2015. The company reported an...

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