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Business Finance

Question Description

Aqua Packaging Corp. makes industrial packaging equipment used primarily by automobile manufacturers to produce protective covering for new luxury automobiles being shipped to dealers across the US by train and by truck. It also makes industrial packaging equipment for other consumer goods companies. Below you will find balance sheets for Aqua as of December 31, 2014 and December 31, 2013 and an income statement for the fiscal year ending December 31, 2014 (“fiscal 2014.”) Both statements have been prepared according to GAAP; amounts shown are in millions of US dollars.

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