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Balance sheet What you'll need is two quarterly balance sheet Example Balance sheet from 2008 and one from 2009 to get the average liabilities you'll take total liabilities from 2008 add it to 2009 total liabilities and divide both by two example 2008 total liabilities = 8 2009 total liabilities = 10 Average liabilities = 8 + 10 = 18 18 / 2 = 9 You will do the same with assets. Usually the average is provided for you in a the problem.

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