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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 Total
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 Total assets Current ratio Acid-test ratic Debt to equity ratio $190,000 $780,000 2.65 1.70 1.60 Required Compute the long-term liabilities for Spartan Long-term liabilities
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