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Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following...

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Accounting

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 $ 180,000

Total assets $ 840,000

Current ratio 3.50

Acid-test ratio 2.00

Debt to equity ratio 1.80

Required:

Compute the long-term liabilities for Spartan:

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