Alpha Company provided the following balance sheet for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 25,000 Other assets 19,950 Total assets$85,450 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 10,000 Common stock, no par 30,000 Retained earnings 29,450 Total liabilities and stockholders' equity$85,450 What is the company's plant assets to long-term liabilities ratio?
A. 2.5
B. 1.7
C. 4.5
D. None of these answers is correct.
Answer: A
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