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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 $180,000

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	$180,000
Total assets	$720,000
Current ratio	2.75
Acid-test ratio	1.5
Debt to equity ratio	1.4

Required: Compute the following for Spartan: Long-term liabilities

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