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Sinclair Manufacturing and Boswell Brothers Inc. are both involved in the production of tile for the home-building industry. Their financial information is as follows: Capital
Sinclair Manufacturing and Boswell Brothers Inc. are both involved in the production of tile for the home-building industry. Their financial information is as follows: Capital Structure Sinclair Boswell Debt @ 11% $720,000 0 Common stock, $10 per share 480,000 $1,200,000 $1,200,000 $1,200,000 Common shares 48,000 120,000 Operating Plan Sales (52,000 units at $20 each) $1,040,000 $1,040,000
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