Practicing Success
ABC Ltd., a telecom company was passing through a bad phase of business cycle and banks were unwilling to lend further amount. It decided to do introspection and compiled following information for the purposes of analysis:
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What will be the amount of long-term debt of the company? |
₹500000 ₹400000 ₹900000 ₹600000 |
₹500000 |
Long term debt = total debt - current liabilities |