Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio
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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
Total liabilities and
Compute the following. (Round "Ratios" to 1 decimal place.)
Debt to assets ratio
Debt to equity ratio
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- Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.The balance sheet for Fanning Corporation follows: Current assets $ 247,000 Long-term assets (net) 752,000 Total assets $ 999,000 Current liabilities $ 144,000 Long-term liabilities 452,000 Total liabilities 596,000 Common stock and retained earnings 403,000 Total liabilities and stockholders’ equity $ 999,000 RequiredCompute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratioThe balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 235,000 762,000 $997,000 $160,000 457,000 617,000 380,000 $997,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) ace Working capital Current ratio Debt to assets ratio
- The balance sheet for Zachary Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 234,000 770,000 $ 1,004,000 $ 141,000 456,000 597,000 407,000 $ 1,004,000The balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratioThe balance sheet for Stuart Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $ 238,000 770,000 $1,008,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) % 144,000 441,000 585,000 423,000 $1,008,000
- 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 Debt-to-assets ratioThe 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 ratioOn January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Current assets Noncurrent assets Total assets Current liabilities Long-term debt Stockholders' equity Total liabilities and equities Items a. Current assets b. Noncurrent assets Park c. Current liabilities d. Noncurrent liabilities e. Stockholders' equity Strand $ 118,250 $ 37,000 98,500 *** $ 216,750 $ 81,500 $ 50,250 $ 31,500 74,500 92,000 $ 216,750 44,500 On January 2, Park borrowed $65,200 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $65,200 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). 50,000 $ 81,500 Required: On a consolidated balance sheet as of…
- Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of $8,125,000, and total assets of $40,625,000. Required: Round the debt ratio to the nearest percent. 1. Calculate the debt ratio. %XYZ Company reported the following information: Total Assets $500,000, Total Liabilities $200,000, and Equity $300,000. Calculate the debt-to-equity ratio and the equity multiplier.The balance sheet for Fanning Corporation follows: $ 246,000 764,000 Current assets Long-term assets (net) Total assets $1,010,000 $ 149,000 452,000 601,000 409,000 Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,010,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio % Debt-to-equity ratio < Prev 5 of 6 MacE