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the following balances were taken from the december 31 2012 balance sheet of time wa 4244155

The following balances were taken from the December 31, 2012, balance sheet of Time Warner (dollars in millions): Current assets …….. $13,288Long-term assets …….. 55,016Current liabilities ……. 9,829Long-term liabilities ……. 28,597Shareholders’ equity ……. 29,878Early in 2013, Time Warner considered the financial effects of several events. REQUIRED: For each of the five events listed here, indicate how they would affect the financial ratios listed by completing the following chart. Assume that financial statements are prepared immediately after each event. Treat each event independently, and use the following key: Increase (+), Decrease (–), and No Effect(NE).
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The following balances were taken from the December 31 2012

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