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David Davis, the CFO of Pharoah Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm
David Davis, the CFO of Pharoah 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 $23,500, accounts payable of $163,700, common stock of $313,700, retained earnings of $512,700, inventory of $212,900, goodwill and other assets equal to $79,200, net plant and equipment of $711,700, and short-term notes payable of $21,600. It also had accounts receivable of $141,700 and other current assets of $11,700. How much longterm debt does Pharoah Automotive have
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