What is net new long-term debt

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Question: During 2006, Welio Company had sales of $737,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $567,000, $99,000, and $130,000, respectively. In addition, the company had an interest expense of $99,000 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.) Assume Welio Company. paid out $20,000 in cash dividends, spending on net fixed assets and net working capital was zero, and no new stock was issued during the year.

1) What is Net New Long-term Debt= $ ?

Reference no: EM131924079

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