Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider this simplified balance sheet for Geomorph Trading: Current assets $160 Current liabilities $ 90 Long-term assets 560 Long-term debt 250 other liabilities 130 250

image text in transcribed
image text in transcribed
Consider this simplified balance sheet for Geomorph Trading: Current assets $160 Current liabilities $ 90 Long-term assets 560 Long-term debt 250 other liabilities 130 250 $720 Equity $720 a. What is the company's debt-equity ratio? (Round your answer to 2 decimal places.) Debt-equity ratio b. What is the ratio of long-term debt to total long-term capital? (Round your answer to 2 decimal places.) ong-term debit-to-capital ratio c. What is its net working capital? Net working capital

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Financial Markets And Institutions

Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi

3rd Edition

0130180793, 978-0130180797

More Books

Students also viewed these Finance questions