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

question 311

Multiple Choice

Calculate the value of short-term debt given the following information: total debt = $320,000; debt/equity ratio = 0.80; long-term debt ratio = 0.3750.

• A) $65,000
• B) $70,000
• C) $75,000
• D) $80,000
• E) $85,000

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