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In its 2013 annual report to shareholders, Border Airlines Inc. presented the following balance sheet information about its liabilities: In addition, Border presented the following among its note disclosures:
Maturities of long-term debt (including sinking fund requirements) for the next five years are: 2014 - $421 million; 2015 - $212 million; 2016 - $273 million; 2017 - $1.0 billion; 2018 - $777 million.
Required:
Consider the appropriate classification of these long-term debt obligations. Assuming no more long-term debt will be issued, what are the implications of the information above for Border's liquidity and solvency risk in 2013 and the following years?
Duodenum
The initial segment of the small intestine just after the stomach, where the majority of chemical digestion occurs.
Ileum
The third and final section of the small intestine, where further digestion and absorption of nutrients occurs, leading to the large intestine.
Small Intestine
The part of the gastrointestinal tract between the stomach and large intestine that is responsible for most of the digestion and absorption of nutrients.
Stomach
The stomach is a muscular organ located on the left side of the upper abdomen, receiving food from the esophagus and initiating digestion by secreting acid and enzymes.
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