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Steven Garcia, the CFO of Sheridan Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The
Steven Garcia, the CFO of Sheridan 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 $24,700, accounts payable of $164,900, common stock of $314,900, retained earnings of $513,900, inventory of $214,100, goodwill and other assets equal to $80,400, net plant and equipment of $712,900, and short-term notes payable of $22,800. It also had accounts receivable of $142,900 and other current assets of $12,900. How much long-term debt does Sheridan Automotive have? Long-term debt $
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