Mathematics, 30.01.2020 04:54 dymesha17
The current asset section of the excalibur tire company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventories. the december 31, 2016, balance sheet revealed the following:
inventories $ 1,200,000
total assets $ 4,800,000
current ratio 2.10
acid-test ratio 1.30
debt to equity ratio 1.5
required:
determine the following 2016 balance sheet items:
1. current assets
2. shareholders' equity
3. noncurrent assets
4. long-term liabilities
Answers: 3
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The current asset section of the excalibur tire company’s balance sheet consists of cash, marketable...
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