les waruck kim chau and leena manta formed a partnership wcl sales on january 11 2014 by investing 68250/

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Required
Prepare the December 31, 2014, classified balance sheet, showing all appropriate supporting calculations.
Analysis Component:
Assuming that the assets of businesses similar to WCL Sales are financed 60% by debt and 40% by equity, does WCL Sales compare favorably or unfavourably to the industry average? What is the relationship between type of financing and risk?

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