(Choose 1 answer)
(20536) 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?
A. $1,844,022
B. $2,303,010
C. $2,123,612
D. $803,010
I
42
