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 | $ | 175,000 |
| Total assets | $ | 1,550,000 |
| Current ratio | 3.9 | |
| Acid-test ratio | 2.50 | |
| Debt to equity ratio | 1.5 | |
Required: Compute the current assets for Bronco:
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Costing
Authors: Terry Lucey
6th Edition
0826455107, 9780826455109
