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E10.5. Reformulation of a Balance Sheet and Income Statement (Easy) Stephen Penman, Financial Statement Analysis and Security Valuation 5th Edition Reformulate the following balance sheet

E10.5. Reformulation of a Balance Sheet and Income Statement (Easy) Stephen Penman, Financial Statement Analysis and Security Valuation 5th Edition Reformulate the following balance sheet for a manufacturing concern. Amounts are in millions. The firm bears a 36 percent statutory tax rate.

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