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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 3 years ago
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