North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales  1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (9) long-term debt. Do not round intermediate calculations; round final answers to two decimal places.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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North Star had the following data (thousands of dollars):

Cash and equivalents 100.00
Fixed assets 283.50
Sales  1,000.00
Net income 50.00
Current liabilities 105.50
Notes payable to bank 20.00
Current ratio 3.00
DSO 40.55 days
ROE 12.00%

North Star has no preferred stock—only common equity, current liabilities, and long-term debt.

Find North Star’s (9) long-term debt.

Do not round intermediate calculations; round final answers to two decimal places.

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