Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider this simplified balance sheet for Geomorph Trading Current liabilities Long-term debt Other liabilities Equity Current assets $ 275 Long-term assets 210 205 120 390

image text in transcribed

Consider this simplified balance sheet for Geomorph Trading Current liabilities Long-term debt Other liabilities Equity Current assets $ 275 Long-term assets 210 205 120 390 650 $ 925 $925 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.) Long-term debt ratio c. What is its net working capital? Net working capital d. What is its current ratio? (Round your answer to 2 decimal places.) Current ratio

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

Step: 3

blur-text-image

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

Contemporary Financial Management

Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow

9th Edition

032416470X, 9780324164701

More Books

Students also viewed these Finance questions