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

Question 42

Multiple Choice

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


A) $230,000
B) $235,000
C) $240,000
D) $245,000
E) $250,000

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