A company has $1,357 in inventory, $4,800 in net fixed assets, $646 in accounts receivable, $286 in cash, $602 in accounts payable, and $5,395 in equity. What is company’s long-term, debt? $1,694 $1,271 $1,650 $1,129 $1,092

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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A company has $1,357 in inventory, $4,800 in net fixed assets, $646 in accounts receivable, $286 in cash, $602 in accounts payable, and $5,395 in equity. What is company’s long-term, debt?

  1. $1,694
  2. $1,271
  3. $1,650
  4. $1,129
  5. $1,092
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