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Determine of firm''s dollar growth in dollars

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Reference no: EM1310601

Calculation of Firm's Dollar Growth in dollars and analyse how the growth financed.

1.Middleton Clinic had total assets of $500,000 and an equity balance of $350,000 at the end of 2006.One year later, at the end of 2007, the clinic had $575,000 in assets and $380,000 in equity. What was the clinic's dollar growth in assets during 2007, and how was the growth financed?

2. What is wrong with the statement: "The clinic's cash balance for 2007 was $150,000, while its net income on December 31, 2007, was $50,000?

Reference no: EM1310601

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