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The Following Information Relates to Rodeo Corporation

Question 9

Multiple Choice

The following information relates to Rodeo Corporation. Current assets $70,000
Current liabilities $52,500
Long-term assets $210,000
Long-term liabilities $140,000
Based on this information, the amount of the current assets financed by the long-term liabilities is:


A) $12,500.
B) $52,500.
C) $102,500.
D) $70,000.
E) $17,500.

Correct Answer:

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