Question: Given the following information, how much long-term debt financing will the company need to get from capital markets if it has already lined up $500?

Given the following information, how much long-term debt financing will the company need to get from capital markets if it has already lined up $500?

Pro-Forma Balance Sheet

Assets Liabilities & Owners Equity

Cash 1,000 A/P 2,500

A/R 2,500 Note Payable 2,000

Inventory 2,000 Long Term Debt ______

Net Fixed Assets 5,000 Retained Earnings 3,000

Total Assets $10,500 Total Liabilities & Equity $_____

Additional Long-Term Debt Needed = _____

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