Orem Corporation's current liabilities are $221,760, its long-term liabilities are $380,240, and its working capital...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Orem Corporation's current liabilities are $221,760, its long-term liabilities are $380,240, and its working capital is $310,500. If the corporation's debt-to-equity ratio is 0.28, total long-term assets must equal:
Multiple Choice
a. $1,427,740
b. $2,219,740
c. $2,441,500
d. $2,150,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
