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Takap inc has present assets of 1456312 and net assets of

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Teakap, Inc. has current assets of $1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000 and retained earnings of $1,468,347. How much long-term debt does the firm have?

  1. $803,010
  2. $1,844,022
  3. $2,123,612
  4. $2,303,010

Reference no: EM13388373

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