Orem Corporation's current liabilities are $554,600, its long-term liabilities are $897,700, and its working capital is $776,400.

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Orem Corporation's current liabilities are $554,600, its long-term liabilities are $897,700, and its working capital is $776,400. If the corporation's debt-to-equity ratio is 0.47, total long-term assets must equal:

a. $3,090,000

b. $3,765,900

c. $3,211,300

d. $2,031,300

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Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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Question Posted: Mar 05, 2018 10:16 AM

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Orem Corporation's current liabilities are $554,600, its long-term liabilities are $897,700, and its working capital is $776,400.

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3211300 Total Liabilities 554600 897700 1452300 Debt equity ratio Total liabilities Total sh...View the full answer

Principles of Corporate Finance

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