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Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory $
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory $ 180,000 Total assets $ 1,580,000 Current ratio 3.0 Acid-test ratio 2.40 Debt to equity ratio 1.5 Required: Compute the shareholders' equity for Bronco
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