The balance sheet of lamont bros

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Reference no: EM131116797

The balance sheet of Lamont Bros. follow:

(a) What portions of Lamont's assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury stock.

(b) Compute the company's debt/equity ration if the preferred stock issuance was classified as a long-term debt.

Reference no: EM131116797

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