A company has $1,315 in inventory, $4,746 in net fixed assets, $610 in accounts receivable, $262 in cash, $554 in accounts payable, and $5,341 in equity. What is the company's long-term debt?
$1,075
$1,217
$1,536
$1,592
$1,038
Total assets=inventory+net fixed assets+AR+Cash
=1,315+4,746+610+262=6933
Total assets=Total liabilities+Total equity
6933=AP+Long term debt+5341
Long term debt=6933-554-5341
=$1038
A company has $1,315 in inventory, $4,746 in net fixed assets, $610 in accounts receivable, $262...
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