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,...
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
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47...
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Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term...
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . ....
Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Accounts payable . . . . . . . . . . . . . . . . . . . . . 36 Accounts receivable . . . . . . . . . . . . . . ....
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The balance sheet for Fanning Corporation follows: Current assets $232,000 763,000 Long-term assets (net) Total assets $995,000 Current liabilities $153,000 460,000 613,000 382,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $995,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratio
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net) Total assets $1,016,000 Current liabilities $ 155,000 445,000 600,000 416,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,016,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratio
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
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...
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