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eakap, Inc., has current assets of $1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained
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eakap, Inc., has current assets of $1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term debt does the firm have?

User Vashishatashu
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2 votes

Answer:

How much long-term debt does the firm have? $803010

Step-by-step explanation:

Current Assets 1456312

Total Assets 4812369

Current liabilities 1041012

Lont Term Debt 803010

Common Equity 1500000

reteined Earnings 1468347

2968347

ASSETS=LIABILITIES-EQUITY

4812369=1041012+long term debts+2968347

User Chandrahas Balleda
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