Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. orem corporation's current liabilities are $221,76

Orem Corporation's current liabilities are $221,760, its long-term liabilities are $380,240, and its working capital...

70.2K

Verified Solution

Question

Accounting

Orem Corporation's current liabilities are $221,760, its long-term liabilities are $380,240, and its working capital is $310,500. If the corporation's debt-to-equity ratio is 0.28, total long-term assets must equal:

Multiple Choice

a. $1,427,740

b. $2,219,740

c. $2,441,500

d. $2,150,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost...

Operations Management
1.2K views

-What can you point to which is positive in the present situation faced by The Galley? -What...

Finance
1.2K views

A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's...

Psychology
1.2K views

ETHICS 445 Scenario It is 2020, and General Foryota Company opens a plant in which to build a...

Biology
1.2K views

how many bonds 03 O cannot determine the answer from the information given 2 C...

Physics
1.2K views

P and Q as two equally intense coherent sources emitting radiations of wavelength 20m as...

Accounting
1.2K views

What is the difference between inventory management in the manufacturing industry and a services industry...

Accounting
1.2K views

Bonita Company lost all of its inventory in a fire on December 26, 2022. The...

Accounting
1.2K views

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains...

Accounting
1.2K views

Brief Exercise 5-15 Your answer is partially correct. Try again. A. Hall Company has the...

Finance
1.2K views

Find the EAR in each of the following cases. (Do not round intermediate calculations and...

Finance
1.2K views

MC.07.088.Algo In order to accurately assess the capital structure of a firm, it is necessary...