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-   -   Solving for the unknown from a balance sheet, Accounting help please (https://www.askmehelpdesk.com/showthread.php?t=800918)

  • Sep 8, 2014, 08:47 PM
    veritas7374
    Solving for the unknown from a balance sheet, Accounting help please
    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.

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