Do you assert that the radically different periods of time had no bearing on
the
debt? By radically different I assume you're referring to the events that
occurred, correct?
John, I thought you were a math whiz.
Story Problem:
Bill sold his business to George.
During the last *eight* years that Bill operated the business, he increased the
firm's debt by 40%.
When George bought the business, he assumed Bill's debt- and within *four*
years increased that amount of that debt by an additional 40%.
Was Bill or George borrowing greater amounts of money?
Which manager was increasing the debt at a faster pace?
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