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Orem Corporation's Current Liabilities Are $254,840, Its Long-Term Liabilities Are

Question 306

Multiple Choice

Orem Corporation's current liabilities are $254,840, its long-term liabilities are $1,327,560, and its working capital is $356,800. If the corporation's debt-to-equity ratio is 0.46, total long-term assets must equal:


A) $3,440,000
B) $4,665,600
C) $4,410,760
D) $3,856,760

Correct Answer:

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