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.)