Sunrise Enterprises has the following data: -Inventory: $1,200 -Net fixed assets: $5,500 -Accounts receivable: $800 -Cash: $400 -Accounts payable: $600 -Equity: $6,500 What is the company's long-term debt?

Sunrise Enterprises has the following data: -Inventory: $1,200 -Net fixed assets: $5,500 -Accounts receivable: $800 -Cash: $400 -Accounts payable: $600 -Equity: $6,500 What is the company's long-term debt?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Question

What is the company's long term debt on these financial accounting question?

Sunrise Enterprises has the following data:
-Inventory: $1,200
-Net fixed assets: $5,500
-Accounts receivable: $800
-Cash: $400
-Accounts payable: $600
-Equity: $6,500
What is the company's long-term debt?

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