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At the end of the year just completed, Orem Company's current liabilities totalled $75,000, and its long-term liabilities totalled $225,000. Working capital at year-end was
At the end of the year just completed, Orem Company's current liabilities totalled $75,000, and its long-term liabilities totalled $225,000. Working capital at year-end was $100,000. If the company's debt-to-equity ratio is 0.30 to 1, total long-term assets must equal:
a | $1,225,000. |
b | $1,300,000. |
c | $1,000,000. |
d | $1,125,000. |
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