Compute the following. (Round "Ratios" to 1 decimal place.)   Working capital   Current ratio   Debt to assets ratio

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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The balance sheet for Fanning Corporation follows:

 

Current assets 237,000

 

Long-term assets (net) 757,000

 

Total assets $994,000

 

Current liabilities $146,000

 

Long-term liabilities 443,000

 

Total liabilities 589,000

 

Common stock and retained earnings 405,000

 

Total liabilities and stockholders' equity $994,000

 

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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