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1) At the start of the most recent financial year a company had assets of $156 million and liabilities of $60 million. At the end
1) At the start of the most recent financial year a company had assets of $156 million and liabilities of $60 million. At the end of the financial year the company had assets of $231 million and liabilities of $137 million. During the year, shareholders contributed additional capital of $46 million and the company paid a dividend of $17 million. What was the companys profit for the year.
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