For the year ending june 30 2008 the austin corporation has, Ask an Expert

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For the year ending June 30, 2008, the Austin Corporation has current assets of $275,000 and total assets of $900,000. It also has current liabilities of $150,000, equity of $200,000 and retained earnings of $100,000. the mariginal tax rate for the firm is 30%. How much long-term debt does the firm have?

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