long term debt to equity ratio formula
Help with solving this accounting question!?
Given:
Inventory = 840,000
Total Assets = 2,800,000
Current Ratio = 2.25
Acid-test Ratio = 1.2
Debt-to-equity ratio = 1.8
Formulas:
current ratio = current asset / current liabilities
acid-test ratio = quick asset / current liabilities
debt to equity ratio = total liabilities / shockholders’ equity
current asset = ?
stockholder’s equity = ?
noncurrent asset = ?
long-term liabilities = ?
Please help! Thanks in advance!
current asset = ?
(Inventory + Total Assets) – (1.8 * (Inventory + Total Assets) )
