### 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

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