Orem Corporation's current liabilities are $75,000, its long-term liabilities are $225,000, and its working capital is $100,000. If the corporation's debt-to-equity ratio is 0.30, total long-term assets must equal:
A. $1,000,000
B. $1,225,000
C. $1,125,000
D. $1,300,000
Answer: C
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A) expense and a credit to an asset. B) cash and a credit to a revenue. C) liability and a credit to cash. D) liability and a credit to an asset.
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To train the sales reps, the company should most likely:
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