Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN: 9781337635653
Author: Leach
Publisher: Cengage
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Consider this simplified balance sheet for Geomorph Trading. What is the
ratio of total long-term debt to total long-term capital?
$130 Current liabilities $75
Current assets
Long-term assets $530 Long-term debt
265
Other liabilities
100
Equity
220
$660
$660
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Transcribed Image Text:Consider this simplified balance sheet for Geomorph Trading. What is the ratio of total long-term debt to total long-term capital? $130 Current liabilities $75 Current assets Long-term assets $530 Long-term debt 265 Other liabilities 100 Equity 220 $660 $660
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