Solved: The current asset section of the excalibur tire companys, Accounting Basics

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The current asset section of the excalibur tire companys

Question - 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 $ 840,000

Total assets $ 2,800,000

Current ratio 2.25

Acid-test ratio 1.2

Debt to equity ratio 1.8

Required: Determine the following 2016 balance sheet items:

Current Assets

Shareholders Equity

Non current Assests

Long term liabilitites

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Accounting Basics: The current asset section of the excalibur tire companys

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Accounting Basics: The current asset section of the excalibur tire companys

Reference No:- TGS02843938

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