Question
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$175,000Total assets$1,550,000Current
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$175,000Total assets$1,550,000Current ratio3.9Acid-test ratio2.50Debt to equity ratio1.5
Required:
Compute the long-term assets for Bronco:
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Financial & Managerial Accounting
Authors: Carl Warren
12th Edition
1285534646, 978-1133952428
