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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?

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
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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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?
Transcribed Image Text: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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