KG Co. had total assets of ₩1,200,000, total liabilities of ₩500,000, and retained earnings of ₩300,000 at the beginning of 20x1. For the year, the corporation declared cash dividends of ₩50,000. At the end of the year, the company had total assets of ₩1,400,000 and showed the debt ratio of 0.4. The company had no accumulated other comprehensive income. 1) Compute the total stockholders’ equity at the end of 20x1.  2) Compute KG’s net profit for 20x1, assuming no change in contributed capital during the year

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Computational (Show your computations. Round off as follows: e.g. ₩10.64
=> ₩11, 0.123456 => 12.35%, 2.4321 => 2.43)

. KG Co. had total assets of ₩1,200,000, total liabilities of ₩500,000, and retained
earnings
of ₩300,000 at the beginning of 20x1. For the year, the corporation
declared cash dividends of ₩50,000. At the end of the year, the company had
total assets of ₩1,400,000 and showed the debt ratio of 0.4. The company had
no accumulated other comprehensive income.
1) Compute the total stockholders’ equity at the end of 20x1. 
2) Compute KG’s net profit for 20x1, assuming no change in contributed capital
during the year

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