Exam 1 – Version 2 – Finance 3320 – Summer 2010
Kmart is moving towards industry standards of total debt on the balance sheet as seen in the common sized statements. Long-term debt is decreasing and remaining relatively stable for years ending 1999-2001. Likewise, capital leases are also decreasing attributed by store closings. Total long-term debt is 17.81%, 16.12% and 14.38% as a ... ................
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