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Sophie's Tobacco Shop has total assets of $ 9 9 . 2 million. Fifty percent of these assets are financed with debt, of which $
Sophie's Tobacco Shop has total assets of $ million. Fifty percent of these assets are financed with debt, of which $
million is current liabilities. The firm has no preferred stock, but the balance in common stock and paidin surplus is $
million.
What is the balance for longterm debt and retained earnings on Sophie's Tobacco Shop's balance sheet?
Note: Enter your answers in millions of dollars rounded to decimal place. ie Enter as
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