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Glen's tobacco shop has total assets of $99.2 million. Fifty percent of these assets are financed with debt of which $30.7 million is current liabilities.
Glen's tobacco shop has total assets of $99.2 million. Fifty percent of these assets are financed with debt of which $30.7 million is current liabilities. The firm has no preferred stock but the balance in common stock and paid- in surplus is $27.4 million. What is the balance for long term debt and retained earnings on Glens Tobacco Shops balance sheet? Round to 1 decimal
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