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The market values and the book values of a firm s current assets and liabilities are identical. The book value of the firm s fixed

The market values and the book values of a firms current assets and liabilities are identical. The book value of the firms fixed assets was recently marked to market resulting in a decrease of $1.25 million. The firms long-term liabilities were also marked to market, resulting in an increase of $975,000. The result of these changes is to

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