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Unformatted text preview: x Working capital x x Less Long-term liabilities x Net assets x Financed by: Capital x We should stress that this format represents nothing more than a rearrangement of items in a two-sided balance sheet. Effectively it is saying: Assets = capital + liabilities Therefore: Assets - liabilities = capital...
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This note was uploaded on 03/28/2011 for the course MANAGEMENT MN 1015 taught by Professor John during the Spring '11 term at Royal Holloway.
- Spring '11