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The balance sheet for Alpha 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 Debt-to-assets ratio Debt-to-equity ratio $1,106,000 1,526,000 2,632,000 Required: Compute the debt-to-assets and debt-to-equity ratios using the provided balance sheet Note: Round your final answers to 1 decimal place. % 713,000 1,113,000 1,826,000 806,000 $2,632,000

The balance sheet for Alpha 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 Debt-to-assets ratio Debt-to-equity ratio $1,106,000 1,526,000 2,632,000 Required: Compute the debt-to-assets and debt-to-equity ratios using the provided balance sheet Note: Round your final answers to 1 decimal place. % 713,000 1,113,000 1,826,000 806,000 $2,632,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The balance sheet for Alpha 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 Debt-to-assets ratio Debt-to-equity ratio $1,106,000 1,526,000 2,632,000 Required: Compute the debt-to-assets and debt-to-equity ratios using the provided balance sheet, Note: Round your final answers to 1 decimal place. % 713,000 1,113,000 1,826,000 806,000 $2,632,000
Transcribed Image Text:The balance sheet for Alpha 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 Debt-to-assets ratio Debt-to-equity ratio $1,106,000 1,526,000 2,632,000 Required: Compute the debt-to-assets and debt-to-equity ratios using the provided balance sheet, Note: Round your final answers to 1 decimal place. % 713,000 1,113,000 1,826,000 806,000 $2,632,000
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