Accounts receivable and inventories

Reference no: EM13128399

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 ratio 1.8

Determine the following 2011 balance sheet items:

1. Current assets - $1,800,000

2. Shareholders' equity

3. Noncurrent assets

4. Long-term liabilities

Reference no: EM13128399

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