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? A. $2,375,000 B. $2,100,000 C. $3,125,000 D. $1,250,000

Managerial Accounting: The Cornerstone of Business Decision-Making
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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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Financial accounting -9

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?
A. $2,375,000
B. $2,100,000
C. $3,125,000
D. $1,250,000
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? A. $2,375,000 B. $2,100,000 C. $3,125,000 D. $1,250,000
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