Multiple Choice
At the end of the year just completed,Orem Company's current liabilities totalled $75,000,and its long-term liabilities totalled $225,000.Working capital at year-end was $100,000.If the company's debt-to-equity ratio is 0.30 to 1,total long-term assets must equal:
A) $1,000,000.
B) $1,125,000.
C) $1,225,000.
D) $1,300,000.
Correct Answer:
Verified
Correct Answer:
Verified
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