Homework Answers
Answer:
Working Capital = Current Assets - Current Liabilities = 235000 - 160000 = 75000
Current Ratio = Current Assets / Current Liabilities = 235000 / 160000 = 1.47
Debt to Assets Ratio = Total Liabilities / Total Assets = 617000 / 997000 = 0.619
Debt to Equity Ratio = Total Liabilities / Total Equity = 617000 / 380000 = 1.62
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Q.9
The balance sheet for Solomon Corporation follows:
Current assets
$
237,000
Long-term assets (net)
752,000
Total assets
$
989,000
Current liabilities
$
156,000
Long-term liabilities
450,000
Total liabilities
606,000
Common stock and retained earnings
383,000
Total liabilities and stockholders’ equity
$
989,000
Required
Compute the following. (Round "Ratios" to 1 decimal
place.)
Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio
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Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash. . . . . . . ....
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Q.9
The balance sheet for Solomon Corporation follows:
Current assets
$
237,000
Long-term assets (net)
752,000
Total assets
$
989,000
Current liabilities
$
156,000
Long-term liabilities
450,000
Total liabilities
606,000
Common stock and retained earnings
383,000
Total liabilities and stockholders’ equity
$
989,000
Required
Compute the following. (Round "Ratios" to 1 decimal
place.)
Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio
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