Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following...
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Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory $ 170,000 Total assets $ 845,000 Current ratio 3.4 Acid-test ratio 1.7 Debt to equity ratio 1.6 Required: Compute the long-term assets for Spartan
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