Sixty (60) percent of extreme well drillings assets are financed with common equity, which is the only type of equily financing the company has. extremes current ratio is 5.0 its total assets turnover is 4.0, current assets equal $1,800,000. what amount of extremes total liabilities is long term, and what amount is short term(current liabilities)?
a) $720,000; $180,000
b) $360,000; $360,000
c) $450,000; $270,000
d) $540,000; $90,000
