How much long-term debt is outstanding

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Question - Milford Inc. has a debt-to-equity ratio of 0.80. It has total shareholders' equity of $2.5 million and current liabilities of $750,000. How much long-term debt is outstanding?

$2,375,000

$2,100,000

$3,125,000

$1,250,000

Reference no: EM132234178

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