Orem Corporation's Current Liabilities Are $75,000, Its Long-Term Liabilities Are

question 223

Multiple Choice

Orem Corporation's current liabilities are $75,000, its long-term liabilities are $225,000, and its working capital is $100,000. If the corporation's debt-to-equity ratio is 0.30, total long-term assets must equal:

• A) $1,000,000
• B) $1,300,000
• C) $1,125,000
• D) $1,225,000

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Definitions:

Responsiveness

The quality of reacting quickly and positively to stimuli or changes, often used in contexts ranging from individual behaviors to system performance.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, often measured as an indicator of cardiovascular health.

Arteriosclerosis

A condition characterized by the thickening, hardening, and loss of elasticity of the walls of arteries.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to various parts of the body.