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How to calculate long term debt in balance sheet? Net income = 1742 Dividends paid are 50% of net income . Any excess cash after
How to calculate long term debt in balance sheet?
Net income = 1742
Dividends paid are 50% of net income . Any excess cash after paying dividends is used to reduce long term debt .
Therefore ,how did they derive 4448 as Long term debt , can someone explain ?
Balance Sheet Fiscal Year Ended December 31 (in millions) 2004 2005 Change Assets Cash and cash equivalents Receivables Inventories Prepaid expense and other $12 20 S8 165 9.268 044 776 10 99) 10.005 11.8551.850 922 565 357 575 $14.750 $17,532 $2,78.2 525 690 200 Total current assets Plant, property, and equipment Accumulated depreciation Property, plant, and equipment, net Other assets and deferred charges 5,778 6,700 1,608 2,173 4,170 4.527 575 1.150 Total assets Liabilities and stockholders' equity Current liabilities Commercial paper Accounts payable Accrued liabilities Accrued income taxes L debt due in one year S 1.000 25 251 231 1,635 1.473 (162) 3.873 4,104 191 14 183 20 ong-term Total Current Liabilities 6.713 703 318 3.073 4.4481.375 (35) 9,993 11.651658 Long-term debt Deferred income taxes Total Liabilities 207 Stockholders Equity 30 223 871 4.7575,88 .124 $14.750 $17.532 $2.782 260 750 4,000 4,871 230 527 Common stock Paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders equityStep by Step Solution
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