May 15th, 2015
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Exercise 7-11. The total assets are: $500,015.612. The total capital is: $318,987.483. Indicate the amount of net income or (net loss) for the month of March: (3,152.55)4. The current months gross profit is: $64,719.545. The current months total expenses are: $67,872.09The total assets are what the company owns during an accounting period and helps creditors and investors determine the financial health of the company. The capital shows investors how much common stock there is and how much capital is paid and how much the company holds back in retained earnings.The information f

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