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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

Correct Answer:

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