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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 Total assets Current ratio Acid-test ratio Debt to equity ratio Required: $ 160,000 $1,460,000 3.6 2.35 1.5 Compute the shareholders' equity for Bronco: Shareholders' equity
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