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27 May, 03:46

A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, what is the long-term debt ratio?

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  1. 27 May, 04:16
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    long-term debt=Totol liability-Current liability long-term debt=$350-$130 = $220 long-term debt ratio=long term debt / total assets = $220/$1,000 = 22% so long term debt ratio is 22%
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