E3-18 The current asset section of the Excaliber Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31,2011 balance sheet revealed the following:

Inventories 840,000

Total assets 2,800,000

Current ratio 2.25

Acid ratio 1.2

Debt to equity ratio 1.8

Required:

Determine the following 2011 balance sheet items:

Current Assets

Shareholders equity

Noncurrent assets

Long term liabilities