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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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