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The current asset section of the Excalibur Tire Company s balance sheet consists of cash, marketable securities , accounts receivable, and inventory. The balance sheet

The current asset section of the Excalibur Tire Companys balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The balance sheet revealed the following:
Inventory $ 960,000
Total assets $ 3,200,000
Current ratio 2.40
Acid-test ratio 1.20
Debt to equity ratio 1.5
Required:
Determine the following balance sheet items:
1. current assets
2. shareholder's equity
3. long term assets
4. ling term liabilities

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