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

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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
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