Sara Lee Bakeries makes the chocolate brownie pieces used in Ben and Jerry's Chocolate Fudge Brownie ice-cream. 11,000 pounds of chocolate brownies were sold every day in 2011. This NJ based social venture had a total annual revenue of $2,244,971 in 2011. Its total expenses were $ 2,123,620 while the variable cost to produce the chocolate brownie pieces was $897,981.
If the total assets of Sara Lee Bakeries was $10,613,498 and the total liabilities were $699,210 then the equity balance for 2011 was?
Does the above equity balance indicate a high or low level of financial vulnerability? Please explain.
Please show each step manually or on a Excel spreadsheet