Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider this simplified balance sheet for Geomorph Trading: Current assets Long-term assets $ 260 640 Current liabilities Long-term debt Other liabilities Equity $ 190 210
Consider this simplified balance sheet for Geomorph Trading: Current assets Long-term assets $ 260 640 Current liabilities Long-term debt Other liabilities Equity $ 190 210 130 370 $ 900 $ 900 a. What is the company's debt-equity ratio? (Round your answer to 2 decimal places.) b. What is the ratio of total long-term debt to total long-term capital? (Round your answer to 2 decimal places.) c. What is its net working capital? d. What is its current ratio? (Round your answer to 2 decimal places.) a. b. Debt-equity ratio Long-term debt-to-capital ratio Net working capital Current ratio C. d
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started