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On December 31, 2011, Roberts Corporation's Current Liabilities Total $60,000

Question 42

Multiple Choice

On December 31, 2011, Roberts Corporation's current liabilities total $60,000 and long-term liabilities total $160,000. Working capital at December 31, 2011, is equal to $90,000. If Roberts Corporation's debt-to-equity ratio is .40 to 1, total long-term assets must equal


A) $620,000.
B) $770,000.
C) $550,000.
D) $680,000.

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