Alexis Company was started in Year 1. At the end of Year 1, the Company...

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Accounting

Alexis Company was started in Year 1. At the end of Year 1, the Company had the following accounting equation.
During Year 2, the company experienced the following accounting events.
Paid off $700 of its notes payable.
Earned $900 of cash revenue.
Paid $600 of cash expenses.
Paid a $300 cash dividend.
Based on this information alone, what percent of the company's assets at the end of Year 2 was provided by creditors?
Multiple Choice
28.0%
32.0%64.0%
Some other percentage
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