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Carter Paint Company has plants in four provinces. Sales last year were $ 1 0 0 million, and the balance sheet at year - end
Carter Paint Company has plants in four provinces. Sales last year were $ million, and the balance sheet at yearend is similar in percent of sales to that of previous years and this will continue in the future All. assets and current liabilities will vary directly with sales. Assume the firm is already using capital assets at full capacity.
tableAssetstableBalance Sheetin $ millionsLiabilities and Shareholders' EquityCash$Accounts payable,$
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