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7. What is the capital structure for the firm with the following balance sheet? Assets = Liabilities + Equity Current Assets $100 Current Liabilities $50

7. What is the capital structure for the firm with the following balance sheet? Assets = Liabilities + Equity Current Assets $100 Current Liabilities $50 Fixed Assets 40 Long-Term debt 32 Preferred Stock 8 Common Stock+Retained Earn. 50 Total Assets $140 Total Liability + Equity $140 % Debt? __________ % Equity? __________ % Preferred? __________

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