Wainscot Industries has $50,850 of working capital, $36,320 of current liabilities, and $116,880 of long-term debt. If Wainscot's debt-to-equity ratio is 0.40, what is the total amount of Wainscot's non-current assets? O $383.000 O $485.350 O $449,030 O $358.230 O None of the above

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wainscot Industries has $50.850 of working capital, $36,320 of current liabilities, and $116,880 of
long-term debt. If Wainscot's debt-to-equity ratio is 0.40, what is the total amount of Wainscot's
non-current assets?
O $383,000
O $485.350
O $449,030
O $358,230
O None of the above
Transcribed Image Text:Wainscot Industries has $50.850 of working capital, $36,320 of current liabilities, and $116,880 of long-term debt. If Wainscot's debt-to-equity ratio is 0.40, what is the total amount of Wainscot's non-current assets? O $383,000 O $485.350 O $449,030 O $358,230 O None of the above
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