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1.On December 31, 20X4, Zulu Company's current liabilities total $55,000, current assets total $140,000 and long-term liabilities total $155,000. If Zulu Company's debt-to-equity ratio is

1.On December 31, 20X4, Zulu Company's current liabilities total $55,000, current assets total $140,000 and long-term liabilities total $155,000. If Zulu Company's debt-to-equity ratio is .30 to 1, total long-term assets must equal $700,000 $560,000 $910,000 $770,000

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