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The last balance sheet of Lotus company is as follows Assets: Current Assets: 20 000 000 Long-Term Assets: 80 000 000 Total Assets: 100 000
The last balance sheet of Lotus company is as follows
Assets:
Current Assets: 20 000 000
Long-Term Assets: 80 000 000
Total Assets: 100 000 000
Liability and Equity
Account Payables: 4 000 000
Accrued Expenses: 1 000 000
Short-Term Loan: 15 000 000
Long Term Loan: 50 000 000
Equity as Common Stock: 30 000 000
Total Liab. and Equity: 100 000 000
This firm do not have any outstanding preferred stocks.
What is the total amount of financing used to finance the assets of this firm?
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