Please show your working and explain the reasoning for your answer.

The following data from ACME Engineering applies to the following five questions (Q 1-5). Cash $100 Fixed assets $280 Sales $1,200 EBIT $462 NPAT $358 Inventory $180 Accounts receivable $148 Current ratio 3.2 Shareholder's Equity $500 Calculate the amount of total assets owned by ACME. Select one: a. 428 O b. 328 O C. 528 O d. 708 Determine ACME's long term debt commitment. Select one: a. 74 O b. 500 O c. 208 O d. 134