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BAXTER COMPANY Balance Sheet August 31, 2017 Assets Current Assets: $23,600 Accounts receivable ..5,450 30,000 11,000 $41.000 Equipmen Total assets (Cash + Acc. rec. +Sup+Equip.)

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BAXTER COMPANY Balance Sheet August 31, 2017 Assets Current Assets: $23,600 Accounts receivable ..5,450 30,000 11,000 $41.000 Equipmen Total assets (Cash + Acc. rec. +Sup+Equip.) Liabilities and Stockholders' E Current Liabilities Accounts payable.. $9,000 Stockholders' equity Common stock. wmm30,000 2.000 32,000 $41.000 Retained earnings.crcnmcoo Total liabilities and stockholders' equity (Acct. pay. +Com. stock. + Ret. earn.) -2000 32,000 Total liabilities and stockholders' equity.. $41,000 (Acct. pay. + Com. stock. + Ret. ean.) What percent of assets were financed by creditors and investors respectively in BAXTER COMPANY? (-) A. 20%, 80% (D) B. 22%, 78% . 3096, 7096 D. 73%, 27% Reset Selection Mark for Review What's This

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