the wall street journal, recently reported

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the wall street journal, recently reported that prada, the well-known italian fashion house, plans to cut its debt levels by 385 million euros by selling assets and reducing inventories, and with a large tax rebate from the italian government. the company hopes to be able to raise funds by issuing equity, but lately the financial markets have been worried that prada's debt levels are much too high. explain how the financial statements of prada would change if it is successful with its plans.
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