Financial Accounting
14th Edition
ISBN: 9781305088436
Author: Carl Warren, Jim Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Transcribed Image Text:Sybarix Group prepared its financial statements
for 2015 based on the information below. The
company had cash of $1,206, inventory of
$14,290, and accounts receivables of $6,589.
The company's net fixed assets were $42,412,
and other assets were $2,822. It had accounts
payable of $11,580, notes payable of $2,886,
common stock of $21,800, and retained earnings
of $14,368. How much long-term debt did the
firm have?
a. $12,314
b. $16,685
c. $18,334
d. $22,342
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