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Sophies Tobacco Shop has total assets of $97.6 million. Fifty percent of these assets are financed with debt, of which $30.3 million is current liabilities.
Sophies Tobacco Shop has total assets of $97.6 million. Fifty percent of these assets are financed with debt, of which $30.3 million is current liabilities. The firm has no preferred stock, but the balance in common stock and paid-in surplus is $23.4 million.
What is the balance for long-term debt and retained earnings on Sophies Tobacco Shops balance sheet?
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