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[solution]: GenX Enterprises prepared its financial statements for 2015 based


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GenX Enterprises prepared its financial statements for 2015 based on the information below. The company had cash of $1,350, inventory of $12,480, and accounts receivables

of $6,589. The company?s net fixed assets were $40,331, and other assets were $1,822.

GenX had accounts payable of $10,604, notes payable of $2,886, common stock of $22,400,

and retained earnings of $14,368. How much long-term debt did the firm have?

 


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