At the beginning of fiscal year, assets = 100 million and Owners equity = 40 million. Annual income statement shows profit of 10 million for the year. Dividends of 5 million are declared with the remaining going to the retained earnings. Liabilities at the end of year = 40 million. Compute owners equity at end of year, assets at end of year and liabilities at beginning of the year

Liabilities at the beginning of the year = A - OE = 100 - 40 = 60 million. How do we calculate at the end of the year? Is there a different way of doing it?

Take your beiginning year Owners Equity plus Net Income minus Dividends to get ending year Owners Equity. Ending year Liabilities is given, so ending year Assets is ending year Owners equity plus ending year Liabilities.