The following information relates to Rodeo Corporation.
Current assets $70,000
Current liabilities $52,500
Long-term assets $210,000
Long-term liabilities $140,000
Based on this information, the amount of the current assets financed by the long-term liabilities is:?
A. ?$12,500.
B. ?$52,500.
C. ?$102,500.
D. ?$70,000.
E. ?$17,500.
Answer: E
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