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ITT Corporation in the most recent period reported current sales receipts of $542 million, current operating expenditures of $577 million and net new debt issued of $5 million. What change in holdings of financial assets must have occurred over the period? Was ITT a deficit-, surplus- or balanced-budget unit in the most recent period? Explain why.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91924941

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