The permanent capital as of December 31, 2009, is the debt capital (i.e., noncurrent liabilities) of $

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The permanent capital as of December 31, 2009, is the debt capital

(i.e., noncurrent liabilities) of $ ,000 plus the equity capital of $ ,000, for a total of $ ,000. The return on permanent capital is found by dividing EBIT by this total. Calculate the return on permanent capital.image text in transcribed

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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