Middleton Clinic had total assets of ($500),000 and an equity balance of ($350),000 at the end of

Question:

Middleton Clinic had total assets of $$500$,000 and an equity balance of $$350$,000 at the end of 2014. One year later, at the end of 2015, the clinic had $$575$,000 in assets and $$380$,000 in equity. What was the clinic’s dollar growth in assets during 2015, and how was this growth financed?

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