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    Assets and liabilities

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    If a company has $181K (this means $181,000) in total liabilities and $225K in total assets, what percentage of total assets is being financed with the use of others' money? Show your calculations and explain.

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    https://brainmass.com/business/accounting-for-liabilities/assets-liabilities-316649

    Solution Preview

    Asset is anything that a company owns including cash while liability is anything that a company owes to other businesses or people other ...

    Solution Summary

    The solution depicts the steps to calculate the percentage of total assets is being financed with the use of others' money.

    $2.19

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