HOMEWORK/FINANCNG RATIOS. It deals with liquidity Ratios
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.