Orem Corporation's current liabilities are $554,600, its long-term liabilities are $897,700, and its working capital is $776,400.

Question:

Orem Corporation's current liabilities are $554,600, its long-term liabilities are $897,700, and its working capital is $776,400. If the corporation's debt-to-equity ratio is 0.47, total long-term assets must equal:

a. $3,090,000

b. $3,765,900

c. $3,211,300

d. $2,031,300

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

See More Books

Question Posted: Mar 05, 2018 10:16 AM

See More Questions

Free Spirit Industries Inc.'s quick ratio is (0.93, 1.13, 0.75, 0.90), and its current ratio is (1.34, 2.83, 1.84, 2.54); Scramouche Opera Company's quick ratio is (1.40, 1.12, 0.75, 0.93), and its...
Preparing pro forma financial statements (requires Appendix 6.1) Problem 27 presents financial statements for Target Corporation for its fiscal years ending January 31, 2006, 2007, and 2008, as well...
Agnes Ball is considering an investment in the common stock of a chain of retail department stores. She has narrowed her choice to two retail companies. Fast Corporation and Style Corporation, whose...
(a) Alison has been self-employed for many years. Her profit for tax year 2020-21 is 6,380. Is she liable to pay Class 2 NICs for the year? (b) Amanda starts a business on 25 May 2020 and she is...
A detector of radiation called a Geiger tube consists of a closed, hollow, conducting cylinder with a fine wire along its axis. Suppose that the internal diameter of the cylinder is 2.50 cm and that...
Derive, or at least give a plausibility argument for, Landauers theorem.
Let $R_{j}^{2}$ be the coefficient of determination when we regress the $j$ th regressor on the other $k-1$ regressors. Show that the $j$ th variance inflation factor may be expressed as...
A firm reported comprehensive income of $376 million for 2009, consisting of $500 million in operating income (after tax) less $124 million of net financial expenses (after tax). It also reported the...
2. If all n elements in the input array are the same, what is the big O notation of Insertion Sort? Why? (20 points) INSERTION-SORT(A) 1 for 2 to A.length key=A[j] //Insert A[] into the sorted 2 3...
Warren owns and manages a small business, which sells pet supplies to high street shops and market traders. Warren sells to customers on credit at 30 days credit terms. (Warren manages all aspects of...
Was the Whirlpool plant closing just another "business decision," or did it carry with it social and ethical responsibilities and implications? Explain.
Water runs into a conical tank at a rate of 9 ft3 / minute. The tank stands point down and has a height of 10 feet and a base radius of 5 feet. How fast is the water level rising when the water is...
Assume a business owns a 50 percent stake in a gold mine. As this ownership stake will not give control over the whole of the gold mine, can this resource be regarded as an asset of the business?
Which of the following best describes an entrepreneurial characteristic? a. Rigidly follows a plan b. Lacks self-discipline and motivation c. Prefers to work alone d. Takes calculated risks
You want to start a company and have a rough draft of a business plan and some tentative funding, but you need some additional advice and guidance through the start-up process. The best source of...
Which of the following would someone benefit from before starting a business? a. A business plan b. A loan application c. A partnership statement d. A franchise agreement
Which of the following is NOT a reason to start a small business? a. To solve a problem or improve an existing idea b. To have more flexibility in work schedule and lifestyle c. To pay off credit...
Which of the following is a characteristic of a small business? a. Independently owned and operated b. Has between 500 to 1,000 employees c. A dominant player in its field d. Has less than $$1$...
Richard Davis, a South Carolina real estate broker who buys underpriced properties to renovate and sell (i.e., flipping homes), conceived of and developed a pilot episode of a television show...
In Exercises 105108, evaluate each expression without using a calculator. log(ln e)
Propose a mechanism to account for the formation of 3, 5-dimethylpyrazole from hydrazine and 2, 4-pcntancdionc. Look carefully to see what has happened to each carbonyl carbon in going from starting...
In light of ?our answer to Problem 19.56, propose a mechanism for the formation of 3, 5 -dimethylisoxazole from hydroxylamine and 2, 4-pentanedione. CH 3,5-Dimethylisoxazole
Tran?s alkenes are converted into their cis isomers and vice versa on epoxidation followed by treatment of the epoxide with triphenylphosphine. Propose a mechanism for the epoxide ? alkene reaction. ...
What theorists are most likely to argue the city's form and growth come from decisions made by people and organizations that control wealth and other key resources?
Explain the difference between glucogenic and ketogenic amino acids
Describe what is an arrangement where workers who don't join a union must make payments equal to union dues and fees to get union representation services?

Orem Corporation's current liabilities are $554,600, its long-term liabilities are $897,700, and its working capital is $776,400.

Question:

Step by Step Answer:

3211300 Total Liabilities 554600 897700 1452300 Debt equity ratio Total liabilities Total sh...View the full answer

Principles of Corporate Finance

Students also viewed these Corporate Finance questions