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[The following information applies to the questions displayed below.] Financial Statements for Royal Corporation Please refer to the pro forma financial statements for Royal Corporation

image text in transcribed [The following information applies to the questions displayed below.] Financial Statements for Royal Corporation Please refer to the pro forma financial statements for Royal Corporation above. Assume that net fixed assets are projected to be $5,000 for 2017 and that shareholders' equity is projected to be $5,500 for 2017 . If long-term debt is the plug figure, what should be the projection for long-term debt for Royal Corporation in 2017? $2,206 $2,847 $2,455 $2,363

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