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As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $ 1 6

As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $16 million, liabilities of $11 million, after-tax earnings of $2.35 million, and 1.60 million outstanding shares of common stock.

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