Question
Part 1. Answer the following questions from the case presented. Los Cedros reported the following information on long-term debt: Current Year Las Year Total long-term
Part 1. Answer the following questions from the case presented. Los Cedros reported the following information on long-term debt:
Current Year Las Year | ||
Total long-term debt | $14,578 million | $18,564 million |
Minus the current portion | (1,290) millones | (1,540) millions |
Long term debts | 13,288 miles | 17,024 million |
Determine how much total current liabilities changed between the previous year and the current year as a result of the long-term debt portion. Explain your answer in your own words. Indicates the balance of the debt the following year if Los Cedros does not acquire another long-term debt in the next few years.
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