FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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narubhai

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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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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