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Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $

Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement: Inventories $ 200,000 Total assets $ 840,000 Current ratio 3.50 Acid-test ratio 1.50 Debt to equity ratio 1.40 Required: Compute the long-term liabilities for Spartan:

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