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Charles Wilson, the CFO of Sunland Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm
Charles Wilson, the CFO of Sunland Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,700, accounts payable of $163,900, common stock of $313,900, retained earnings of $512,900, inventory of $213,100, goodwill and other assets equal to $79,400, net plant and equipment of $711,900, and short-term notes payable of $21,800. It also had accounts receivable of $141,900 and other current assets of $11,900. How much long-term debt does Sunland Automotive have?
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