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Practice problems financial statement analysis

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Lucas-Mickelson Company (LMC). reported $527.4 million and $592.3 million in net fixed assets on its 20Y4 and 20Y5 balance sheets, respectively. LMC also reported depreciation expense of $68.1 million on its 20Y5 income statement. What was the capital spending for LMC in 20Y5? Practice Problems Financial Statement Analysis.

Reference no: EM131877496

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Practice problems financial statement analysis : What was the capital spending for LMC in 20Y5? Practice Problems Financial Statement Analysis.
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