Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data...

Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement:


Inventory	$	310,000
Total assets	$	810,000
Current ratio		3.80
Acid-test ratio		1.80
Debt to equity ratio		1.70

Required:
Compute the shareholders' equity for Spartan:

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ekkarill92 answered 1 year ago

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