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Finance

For 2020, Solvent Corp. reported net sales of $ 415 million, 6% up from the previous year.  Its operating profit (EBIT) amounted to $ 40 million in the same period.  Due to substantial investments in net working capital, the company’s net book value grew from $ 215 million to $ 230 million, while net fixed assets remained stable at $ 130 million. The firm managed to maintain its capital structure with a debt to equity ratio of 0.75 and a 40% Equity Ratio.

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