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Alexis Company was started in Year 1 . At the end of Year 1 the Company had the following accounting equation. Assets = Liabilities +
Alexis Company was started in Year At the end of Year the Company had the following accounting equation.
Assets Liabilities Stockholders' Equity
Cash Land Notes Payable Common Stock Retained Earnings
During Year the company experienced the following accounting events.
Paid off $ of its notes payable.
Earned $ of cash revenue.
Paid $ of cash expenses.
Paid a $ cash dividend.
Based on this information alone, what percent of the company's assets at the end of Year was provided by creditors?
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