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Question: 1bronco electronics current assets consist of cash marketable securities accounts...

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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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