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Tom Company has assets of $6.3 million and $2,480,000 in? long-term debt with an interest rate of 12%. Jerry Company has assets of $6.3 million

Tom Company has assets of $6.3 million and $2,480,000 in? long-term debt with an interest rate of 12%. Jerry Company has assets of $6.3 million and no? long-term debt. The annual operating income? 2 answers

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