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Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937
Textbook Problem
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Does Whole Foods have very much long-term debt? What are the chief ways in which Whole Foods has financed assets?

Liabilities (mil) 2017 2016
Current Liabilities    
Accounts Payable $371 $307
Short Term Debt $2 $3
Other Current Liabilities $585 $581
Liability Summary    
Total Current Liabilities $1,355 $1,341
Long Term Debt $1,081 $1,048
Other Noncurrent Liabilities $810 $728
Total Liabilities $3,246 $3,117

Summary Introduction

To analyze: The long term debt and source of finance for Company W.

Introduction:

Long-term Debt:

The portion of total liabilities of a firm that will not be due in the current accounting period or within 1 year is called long term debt. It is usually, borrowed on fixed cost known as interest charges that is paid on periodical intervals.

Explanation
  • The total liabilities and stockholders’ equity are the ways to source the assets of a company as these two are always equal to the total assets...

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