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Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $
Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:
| Inventories | $ | 185,000 |
| Total assets | $ | 1,610,000 |
| Current ratio | 3.1 | |
| Acid-test ratio | 2.10 | |
| Debt to equity ratio | 1.8 | |
Required: Compute the current assets for Bronco:
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