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Question: 1bronco electronics current assets consist of cash marketable securities accounts...
Question details
1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:
| Inventories | $ | 155,000 |
| Total assets | $ | 1,430,000 |
| Current ratio | 3.3 | |
| Acid-test ratio | 2.30 | |
| Debt to equity ratio | 1.6 | |
Required:
Compute the long-term assets for Bronco:
| Long-term assets |
2/ Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:
| Inventories | $ | 170,000 |
| Total assets | $ | 1,520,000 |
| Current ratio | 3.7 | |
| Acid-test ratio | 2.45 | |
| Debt to equity ratio | 1.5 | |
Required:
Compute the long-term liabilities for Bronco:
| Long-term liabilities |
3/ 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 | $ | 170,000 |
| Total assets | $ | 845,000 |
| Current ratio | 3.40 | |
| Acid-test ratio | 1.70 | |
| Debt to equity ratio | 1.60 | |
Required:
Compute the long-term liabilities for Spartan:
| Long-term liabilities |
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