Business, 19.09.2019 17:10 lberman2005p77lfi
Exercise 3-18 calculating ratios; solve for unknowns [lo3-8] the current asset section of the excalibur tire company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventories. the december 31, 2018, balance sheet revealed the following:
inventories $ 1,020,000
total assets $ 3,000,000
current ratio 2.40
acid-test ratio 1.20
debt to equity ratio 1.5
required: determine the following 2018 balance sheet items:
(a) current assets
(b) shareholders' equity
(c) noncurrent assets
(d) long-term liabilities
Answers: 1
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Exercise 3-18 calculating ratios; solve for unknowns [lo3-8] the current asset section of the excal...
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