On December 31, 2011, Anderson Company's current liabilities total $55,000 and long-term liabilities total $155,000. Working capital at December 31, 2011, is equal to $85,000. If Anderson Company's debt-to-equity ratio is .30 to 1, total long-term assets must equal

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The Answer of On December 31, 2011, Anderson Company's current liabilities total $55,000 and long-term liabilities total $155,000. Working capital at December 31, 2011, is equal to $85,000. If Anderson Company's debt-to-equity ratio is .30 to 1, total long-term assets must equal

On December 31, 2011, Anderson Company's Current Liabilities Total $55,000