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Given the financial data and ratios listed below for the Atlanta Company, determine what Atlanta Company recorded as Long Term Debt on its 2012 balance
Given the financial data and ratios listed below for the Atlanta Company, determine what Atlanta Company recorded as Long Term Debt on its 2012 balance sheet. (Record your answer without a dollar sign, without commas, and if the answer is a negative number, use the minus sign followed by the number with no spaces between the minus sign and the number - thus record $3,243 as 3243 or negative 18 as -18). Sales Gross profit margin Inventory turnover ratio Net profit margin Average collection period Return on equity (ROE) Return on assets (ROA) Cash Current ratio Accounts payable days $10,000 40% 4.times 8% 45 days 50% 20% $250 2.5 30 days
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