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The Mikado Company has a long - term debt ratio ( i . e . , the ratio of long - term debt to long

The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .44 and a curren
ratio of 1.26. Current liabilities are $2,390, sales are $10,450, profit margin is 10 percent, and ROE is 15 percent.
What is the amount of the firm's long term debt?
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