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On the current statement of financial position, Wenger Corporation reported current liabilities of $589,000 and noncurrent liabilities of $1,159,000. Its debt to total asset ratio

On the current statement of financial position, Wenger Corporation reported current liabilities of $589,000 and noncurrent liabilities of $1,159,000. Its debt to total asset ratio was 40%. What was the amount of assets reported on the SFP? Select answer from the options below $6,237,500 $10,607,500 $4,370,000 $2,897,500

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