Multiple Choice
On December 31,2014,Omar Corporation's current liabilities total $60,000 and long-term liabilities total $160,000.Working capital at December 31,2014,is equal to $90,000.If Omar 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.
Correct Answer:
Verified
Correct Answer:
Verified
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