1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following...
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Accounting
1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:
Inventories
$
155,000
Total assets
$
1,430,000
Current ratio
3.3
Acid-test ratio
2.30
Debt to equity ratio
1.6
Required: Compute the long-term assets for Bronco:
Long-term assets
2/ Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:
Inventories
$
170,000
Total assets
$
1,520,000
Current ratio
3.7
Acid-test ratio
2.45
Debt to equity ratio
1.5
Required: Compute the long-term liabilities for Bronco:
Long-term liabilities
3/ Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:
Inventories
$
170,000
Total assets
$
845,000
Current ratio
3.40
Acid-test ratio
1.70
Debt to equity ratio
1.60
Required: Compute the long-term liabilities for Spartan:
Long-term liabilities
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