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The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2016, balance

The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2016, balance sheet revealed the following:

Inventories

$ 1,000,000

Total assets

$4,000,000

Current ratio

2.20

Acid-test ratio

1.40

Debt to equity ratio

1.5

Required:

Determine the following 2016 balance sheet items:

Current assets

Shareholders' equity

Noncurrent assets

Long-term liabilities

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