Answered

Calculate the net debt of the company based on the information below:
Short-term interest bearing debt 3,000
Long-term interest bearing debt 25,000
Non-interest bearing liabilities 1,500
Cash and equivalents 1,200
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29,500
26,800
28,000
28,300

Answer :

ABIOLATAIWO2015GO

Answer:

$28,300

Explanation:

Calculation to determine the net debt

Using this formula

Net debt=(Short-term interest bearing debt +

Long-term interest bearing debt+Non-interest bearing liabilities)-Cash and equivalents

Let plug in the formula

Net debt=($ 3,000 +$25,000+$ 1,500)-$ 1,200

Net debt=$29,500-$1,200

Net debt=$28,300

Therefore Net debt is $28,300

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