Orem Corporation's current liabilities are $191,880, its long-term liabilities are $1,356, 420, and its working capital is $268, 600. If the corporation's debt-to-equity ratio is 0.39, total long-term assets must equal: Multi Choice $5, 249, 700 $5,057,820 $4, 565, 820 $3,970,000

Orem Corporation's current liabilities are $191,880, its long-term liabilities are $1,356, 420, and its working capital is $268, 600. If the corporation's debt-to-equity ratio is 0.39, total long-term assets must equal: Multi Choice $5, 249, 700 $5,057,820 $4, 565, 820 $3,970,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Orem Corporation's current liabilities are $191,880, its long-term liabilities are $1,356, 420, and its working capital is $268, 600. If the corporation's debt-to - equity ratio is 0.39, total long-term assets must equal: Multiple
Choice $5, 249, 700 $5,057, 820 $4, 565, 820 $3,970, 000

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