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Sophie's Tobacco Shop has total assets of $96.0 million. Fifty percent of these assets are financed with debt of which $29.9 million is current liabilities.
Sophie's Tobacco Shop has total assets of $96.0 million. Fifty percent of these assets are financed with debt of which $29.9 million is current liabilities. The firm has no preferred stock but the balance in common stock and paid in surplus is $19.4 million.
What is the balance for long term debt and retained earnings on Sophie's Tobacco Shop's balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place)
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