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The Following Information Relates to Rodeo Corporation Based on the Information Given Above, the Amount of the c

Question 10

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\begin{array} { l c } \text { Current assets } & \$ 70,000 \\\text { Current liabilities } & \$ 52,500 \\\text { Long-term assets } & \$ 210,000 \\\text { Long-term liabilities } & \$ 140,000\end{array}
Based on the information given above, 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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