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The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable...

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Accounting

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The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: $ 870,000 $2,800,000 Inventory Total assets Current ratio heid-test ratio Debt to equity ratio 1.20 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities

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