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3 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,
3 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: 10 points Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $1,000,000 $4,000,000 2.20 1.40 1.5 Required: Determine the following 2021 balance sheet items: Answer is not complete. 1. $ 3,000,000 2. Current assets Shareholders' equity Long-term assets Long-term liabilities 3. 4
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