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- Identify assets and liabilities that are nonoperating. Explain - Calculate net operating assets (NOA) for 2013 and 2012. Footnotes to the financial statements (not

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- Identify assets and liabilities that are "nonoperating." Explain

- Calculate net operating assets (NOA) for 2013 and 2012.

Footnotes to the financial

statements (not included with the case) reveal that the notes receivable (and the

current portion thereof) relate to loans made to customers.

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