Burger King Holdings, Inc., the operator and franchisor of Burger King restaurants, reported the following information about its long-term debt in the notes to a recent financial statement:
Long-term debt is comprised of the following:
|
June 30
|
|
2009
|
2008
|
|
Notes payable
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$823,100,000
|
$876,200,000
|
|
Less current portion
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(67,500,000)
|
(7,400,000)
|
|
Long-term debt
|
$755,600,000
|
$868,800,000
|
a. How much of the notes payable was disclosed as a current liability on the June 30, 2009, balance sheet?
b. How much did the total current liabilities change between 2008 and 2009 as a result of the current portion of long-term debt?
c. If Burger King did not issue additional notes payable during 2010, what would be the total notes payable on June 30, 2010?