The current asset section of excalibur tire companys

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Reference no: EM13396966

The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventories. The December 31, 2011 balance sheet revealed the following:

Inventories 840,000

Total Assets 2,800,000

Current ratio 2.25

Acid -test ratio 1.2

Debt to equity 1.8

Required:

Determine the following 2011 balance sheet items:

1. Current assets

2. Shareholder's equity

3. Noncurrent assets

4. Long-term liabilities

Reference no: EM13396966

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