Sixty 60 percent of extreme well drillings assets are


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)?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Sixty 60 percent of extreme well drillings assets are
Reference No:- TGS02779852

Expected delivery within 24 Hours