Sixty 60 percent of extreme well drillings assets are, Ask an Expert

Finance

Sixty (60) percent of Extreme Well Drilling's assets are financed with common equity, which is the only type of equity financing the company has.

Extreme's current ratio is 5.0, it's total assets turnover is 4.0, current assets equal $150,000, and its sales equal $1,800,000.

What amount of Extreme's total liabilities is long term, and what amount is short term (current liabilities)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92823036

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