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The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $ mill does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, million should be entered as Negative values, if any, should be indicated by a minus sign. Round your
a What is the company's total debt?
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