Question
Orem Corporation's current liabilities are $158,080, its long-term liabilities are $300,820, and its working capital is $221,300. If the corporation's debt-to-equity ratio is 0.13, total
Orem Corporation's current liabilities are $158,080, its long-term liabilities are $300,820, and its working capital is $221,300. If the corporation's debt-to-equity ratio is 0.13, total long-term assets must equal:
A. $2,393,520
B. $3,530,000
C. $3,609,520
D. $3,767,600
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
