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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 | $ | 155,000 |
| Total assets | $ | 1,430,000 |
| Current ratio | 3.3 | |
| Acid-test ratio | 2.30 | |
| Debt to equity ratio | 1.6 | |
| Required: |
| Compute the shareholders' equity for Bronco: |
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The Cost Of Quality Audit
Authors: W. Jeffrey Howard
1st Edition
1902433629, 978-1902433622
