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

question 141

Multiple Choice

Calculate the value of long-term debt given the following information: total debt = $100,000; debt/equity ratio = 0.50; long-term debt ratio = 0.32.

• A) $72,000
• B) $74,000
• C) $76,000
• D) $78,000
• E) $94,118

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