Calculate the Value of Short-Term Debt Given the Following Information

question 318

Multiple Choice

Calculate the value of short-term debt given the following information: total debt = $100,000; debt/equity ratio = 0.40; long-term debt ratio = 0.2308.

• A) $20,000
• B) $25,000
• C) $30,000
• D) $35,000
• E) $40,000

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