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Octant Inc. has a current ratio of 3.50, a quick ratio of 3, and an inventory turnover ratio of 6. Octants total assets are $2
Octant Inc. has a current ratio of 3.50, a quick ratio of 3, and an inventory turnover ratio of 6. Octants total assets are $2 million and its debt ratio is 0.81. Octants total cost of goods sold is $1.8 million. What is Octants amount of long-term debt?
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