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4 The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The balance sheet revealed
4 The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The balance sheet revealed the following: Inventory 25 $ 1,000,000 oints Total assets $ 4,000,000 Current ratio 2.20 Acid-test ratio 1.40 Debt to equity ratio 1.5 eBook Required: Print Determine the following balance sheet items: References 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities
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