Carter Paint Company has plants in four provinces. Sales last year were $100 million, and the balance sheet at year-end is similar in percent of sales to that of previous years (and this will continue). Which of the following is true?
Options:
a. The balance sheet could show total assets of $300 million
b. The balance sheet could show total liabilities of $80 million
c. The balance sheet could show working capital of $20 million
d. The balance sheet could show common equity of $50 million
