PART A

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	$	165,000
Total assets	$	1,490,000
Current ratio		3.5
Acid-test ratio		2.40
Debt to equity ratio		1.5

Required: Compute the shareholders' equity for Bronco:

PART B

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	$	200,000
Total assets	$	1,700,000
Current ratio		4.0
Acid-test ratio		2.75
Debt to equity ratio		1.5

Required: Compute the current assets for Bronco: