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Abstract

The Nation’s 100 largest cooperatives had fiscal 1980 sales totaling $50.3 billion; assets, $17 billion; debt, $7.2 billion (short-term, $3.6 billion and long-term, $3.6 billion); other liabilities, $4.9 billion; net worth, $4.9 billion; net margins, $1.2 billion; per-unit capital retains, $170 million; sources and uses of funds, $3 billion; and net losses, $69 million. Equity capital declined steadily over the past 18 years (1962-80), dropping from 52.4 percent to 28.6 percent of total assets. Conversely, borrowed capital during that time increased from 28.6 percent to 42.2 percent. Seventy-one of the top 100 cooperatives operated primarily on a net margins basis and 29, mainly on a pooling basis.

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