At the End of the Year Just Completed,Orem Company's Total

Multiple Choice

At the end of the year just completed,Orem Company's total current liabilities were $75,000,and its total long-term liabilities were $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 which of the following?

A) $1,000,000.
B) $1,125,000.
C) $1,225,000.
D) $1,300,000.LTA = 1,300,000 - (100,000 + 75,000) = $1,125,000.