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Compute the shareholders equity for spartan

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Reference no: EM132818447

Spartan Sportswear's current assets consist of cash, marketable securities, accounts receivable, and inventories. The following data were abstracted from a recent financial statement:

Inventories $220,000
Total assets $740,000
Current ratio 2.75
Acid-test ratio 1.5
Debt to equity ratio 1.4

Required:

Problem 1: Compute the following for Spartan:

1. Current assets

2. Shareholders' equity

3. Long-term assets

4. Long-term liabilities

Reference no: EM132818447

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