Question
At the end of the year just completed,Orem Company's total current liabilities were $75,000, and its total long-term liabilities were $225,000. Working capital at year-end
At the end of the year just completed,Orem Company's total current liabilities were $75,000, and its total long-term liabilities were $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 which of the following?
A. $1,000,000.
B. $1,125,000.
C. $1,225,000.
D. $1,300,000.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cost Benefit Analysis Concepts And Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
3rd Edition
0131435833, 978-0131435834
