Multiple Choice
On December 31, 2011, Carlton Corporation's current liabilities total $50,000 and long-term liabilities total $150,000. Working capital at December 31, 2011, is equal to $80,000. If Carlton Corporation's debt-to-equity ratio is .32 to 1, total long-term assets must equal
A) $625,000.
B) $745,000.
C) $825,000.
D) $695,000.
Correct Answer:
Verified
Correct Answer:
Verified
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