Answered: Financial Accounting-9 Milford Inc. has…

Financial Accounting-9 Milford Inc. has a debt-to-equity ratio of 0.8o. It has total shareholders' equity of $2.5 million and current liabilities of $750,000. How much long-term debt is outstanding?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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Question

How much Long term debt is outstanding ?

Financial Accounting-9
Milford Inc. has a debt-to-equity ratio of 0.8o. It has total
shareholders' equity of $2.5 million and current liabilities of
$750,000. How much long-term debt is outstanding?

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