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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