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Phelps Labs has assets o f $ 3 8 6 , 0 0 0 , current liabilities o f $ 4 9 , 0 0

Phelps Labs has assets of $386,000, current liabilities of $49,000, and long-term liabilities of $110,000. There is $31,100in preferred stock outstanding; 20,000 shares of common stock have been issued.

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