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A company begins by raising $7,000,000 from its equity partners and borrowing $7,000,000 at 6% indefinitely from its creditors. 25% of total funds raised was
A company begins by raising $7,000,000 from its equity partners and borrowing $7,000,000 at 6% indefinitely from its creditors. 25% of total funds raised was used for working capital (other current assets besides cash).
1. Create the company's balance sheet.
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