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

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Definitions:

International Trade

The exchange of goods and services across international borders or territories.

Special Training

Instruction or preparation given to individuals, focusing on specific skills or knowledge to enhance their capabilities.

Skin Cancer

A type of cancer that develops in the skin cells, often due to excessive exposure to ultraviolet (UV) light.

Human Capital

The stock of skills, knowledge, and social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.