Glen's Tobacco Shop has total assets of $99.2 million.50% of these assets are financed with debt, of
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Question:
Glen's Tobacco Shop has total assets of $99.2 million. 50% of these assets are financed with debt, of which $30.7 million are current liabilities. The company does not have preferred shares, but the balance in common shares and the excess paid is $27.4 million. |
Required: What is the balance of long-term debt and retained earnings on Glen's Tobacco Shop's balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place.) |
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date: