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InnovaTech Enterprises is a leading tech conglomerate considering a merger with Solara Solutions, a renewable energy startup. InnovaTech's financial team seeks to analyze the potential
InnovaTech Enterprises is a leading tech conglomerate considering a merger with Solara Solutions, a renewable energy startup. InnovaTech's financial team seeks to analyze the potential impact of the merger on their balance sheet. Solara Solutions provides the following details:
- Total Assets: $300 million
- Total Liabilities: $150 million
Meanwhile, InnovaTech Enterprises reports the following financials:
- Total Assets: $600 million
- Total Liabilities: $200 million
Utilizing this data, determine the combined total assets and total liabilities post-merger for InnovaTech Enterprises and Solara Solutions.
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