The current asset section of the Excalibur Tire Company’s


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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 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 mapowers3
posted a question · Feb 12, 2016 at 10:25pm

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