Log in

View Full Version : Solving for the unknown from a balance sheet, Accounting help please


veritas7374
Sep 8, 2014, 08:47 PM
The question I am having a hard time figuring out is:
A balance sheet showing
Inventories $840,000
Total Assets $2,800,000
Current Ratio 2.25
Acid-Test Ratio 1.2
Debt to Equity Ratio 1.8

Determine the following:
Current assets
Shareholders equity
Non current assets
Long term liabilities

I am SO Lost, any help would be great thanks.