medium · Private Equity accounting-flow

An analyst is adjusting a company's 'Net Debt'. The balance sheet shows $200M in long-term debt,$50M in cash, $15M in underfunded pension liabilities, and $10M in capital lease obligations.

What is the Adjusted Net Debt?

  1. $185M
  2. $150M
  3. $175M
  4. $275M

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