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Orem Corporation's current liabilities are $87,300, its long-term liabilities are $293,700, and its working capital is $122,200. If the corporation's debt-to-equity ratio is 0.15, total

Orem Corporation's current liabilities are $87,300, its long-term liabilities are $293,700, and its working capital is $122,200. If the corporation's debt-to-equity ratio is 0.15, total long-term assets must equal:

Multiple Choice

  • $2,540,000

  • $2,798,800

  • $2,711,500

  • $2,129,500

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