Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets $170,000 $1,520,000 Current ratio 3.7 Acid-test ratio 2.45 Debt to equity ratio 1.5 Compute the long-term assets for Bronco.
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets $170,000 $1,520,000 Current ratio 3.7 Acid-test ratio 2.45 Debt to equity ratio 1.5 Compute the long-term assets for Bronco.
Chapter1: Financial Statements And Business Decisions
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