Given Information:
Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following Data was abstracted from a recent financial statments:

Inventories 150,000
Total Assets 1,400,000
Current Ratio 3
Acid-Test Ratio 2.25
Debt to Equity 1.5

Compute the following:

Current Assets
Shareholder's Equity=560,000
Noncurrent Assets
Long-term liability


I have no idea how to use the given info to find these missing values, any help would be greatly appreciated.

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If you know about the composition of ratios, you can do the rest. We will not solve the problem for you, but we can guide you how to solve the problem.

1 Current Assets = Inventory + Liquid assets
2. Non current assets = Total assets - Current Assets
3. Debt ratio = Debt/Equity
4. Current ratio = Current Assets/Current Liabilities
5. Acid test Ratio = Liquid Assets/Current Liabilities

With the help of available figures, just fill in the blamks to get your answer

This is a "missing numbers" problems. Take all the equations and start filling in what you know. Some of the information given is the answers to the ratios, so you have to work backwards to get the missing numbers. You've found one. You can also utilize your accounting equation.

Brett, with a bit of detective work and some persistence you'll be fine. Referring to Rehmanvohra's points 1, 4, and 5, here's a hint on Current Assets:

First note that the Current Ratio (CR) is \frac{\text{Current Assets (CA)}}{\text{Current Liabilities (CL)}} .

The only difference between CR and the Acid-Test Ratio (ATR) is that Inventory is included in current assets in the former, but excluded from CA in the ATR: \text{ATR} \ =\ \frac{\text{CA - Inventory}}{\text{CL}} .

Next note that the ATR can be rewritten as \frac{\text{CA}}{\text{CL}}\ -\ \frac{\text{Inventory}}{\text{CL}} . Since you've been given the values for Current Ratio, Inventory, and ATR, that ATR equation becomes

\text{ATR}\ =\ 3\ -\ \frac{\text{150,000}}{\text{CL}}\ =\ \text{2.25} . From here you can quickly solve for CL, which in turn will allow you to determine Current Assets.

Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data was abstracted from a recent financial statement:
inventories 150,000
total assets 1,400,000
current ratio 3
acid-test ratio 2.25
debt to equity ratio 1.5

Required: Compute the following for Bronco:
Current assets
Shareholders' equity
Noncurrent assets
Long-term liabilities

Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data was abstracted from a recent financial statement:
inventories 150,000
total assets 1,400,000
current ratio 3
acid-test ratio 2.25
debt to equity ratio 1.5

Required: Compute the following for Bronco:
Current assets
Shareholders' equity
Noncurrent assets
Long-term liabilities