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The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...

The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following:

Inventory $ 890,000
Total assets $ 3,500,000
Current ratio 2.40
Acid-test ratio 1.40
Debt to equity ratio 1.5


Required:
Determine the following 2021 balance sheet items:

1. Current Assets

2. Shareholder's Equity

3. Long-term assets

4. Long-term liabilities

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