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Annual Report Case: Classified Balance Sheet

Business Application- Refer to the CVS annual report in the Supplement to answer the following questions.

1. Does CVS use a classified balance sheet?

2. Did CVS's debt to equity ratio change from 2010 to 2011? (Round to the nearest tenth of a percent.)

3. What is the contributed capital for 2011? How does contributed capital compare with retained earnings?

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