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Compute the shareholders equity for Bronco

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Question - Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement:

 Inventory $195,000

Total assets $1,670,000

Current ratio 3.7

Acid-test ratio 2.70

Debt to equity ratio 1.5

Required - Compute the shareholders' equity for Bronco?

Reference no: EM132849469

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