Question: Orem Corporation's current liabilities are $119,280, its long-term liabilities are $281,120, and its working capital is $167,000. If the corporation's debt-to-equity ratio is 0.14, total

Orem Corporation's current liabilities are $119,280, its long-term liabilities are $281,120, and its working capital is $167,000. If the corporation's debt-to-equity ratio is 0.14, total long-term assets must equal:

  • A) $2,860,000

  • B) $3,093,400

  • C)$2,974,120

  • D) $2,122,120

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