Question 4 of 4 Current Attempt in Progress Ivanhoe Company provides you with the following balance sheet information as of December 31, 2025. Current assets $9,800 Current liabilities $10,000 Long-term assets 22,310 Long-term liabilities 12,040 Total assets $32,110 Stockholders' equity 10,070 Total liabilities and stockholders' equity $32,110 In addition, Ivanhoe reported net income for 2025 of $13,760, income tax expense of $2,816, and interest expense of $1,170. (a) Compute the current ratio and working capital for lvanhoe for 2025. (Round current ratio to 2 decimal ploces, e.3. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.s. (45).) Current ratio Working capital

Question 4 of 4 Current Attempt in Progress Ivanhoe Company provides you with the following balance sheet information as of December 31, 2025. Current assets $9,800 Current liabilities $10,000 Long-term assets 22,310 Long-term liabilities 12,040 Total assets $32,110 Stockholders' equity 10,070 Total liabilities and stockholders' equity $32,110 In addition, Ivanhoe reported net income for 2025 of $13,760, income tax expense of $2,816, and interest expense of $1,170. (a) Compute the current ratio and working capital for lvanhoe for 2025. (Round current ratio to 2 decimal ploces, e.3. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.s. (45).) Current ratio Working capital

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Description: Question 4 of 4 Current Attempt in Progress Ivanhoe Company provides you with the following balance sheet information as of December 31, 2025. Current assets $9,800 Current liabilities $10,000 Long-term assets 22,310 Long-term liabilities 12,040 Tota

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.4C

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