Multiple Choice
Milford Inc. has a debt-to-equity ratio of 0.80. It has total shareholders' equity of $2.5 million and current liabilities of $750,000. How much long-term debt is outstanding?
A) $3,125,000
B) $1,250,000
C) $2,375,000
D) $2,100,000
Correct Answer:
Verified
Correct Answer:
Verified
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