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 $
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 | $ | 160,000 |
| Total assets | $ | 1,790,000 |
| Current ratio | 4.0 | |
| Acid-test ratio | 2.40 | |
| Debt to equity ratio | 1.5 | |
Required: Compute the shareholders' equity for Bronco:
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
