A company has the following financial data: • • Inventory = $1,600 Net Fixed Assets = $5,200 Accounts Receivable = $720 Cash = $400 Accounts Payable = $850 Equity = $6,390 What is the company's long-term debt?
A company has the following financial data: • • Inventory = $1,600 Net Fixed Assets = $5,200 Accounts Receivable = $720 Cash = $400 Accounts Payable = $850 Equity = $6,390 What is the company's long-term debt?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Please explain the solution to this general accounting problem with accurate principles.
Transcribed Image Text:A company has the following financial data:
•
•
Inventory = $1,600
Net Fixed Assets = $5,200
Accounts Receivable = $720
Cash = $400
Accounts Payable = $850
Equity = $6,390
What is the company's long-term debt?
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