Question
Cullumber Company provides you with the following balance sheet information as of December 31, 2025 Current assets Long-term assets Total assets Current ratio $12,573 28,090
Cullumber Company provides you with the following balance sheet information as of December 31, 2025 Current assets Long-term assets Total assets Current ratio $12,573 28,090 eTextbook $40,663 In addition, Cullumber reported net income for 2025 of $16,960, income tax expense of $3,392, and interest expense of $1,352. Working capital S Compute the current ratio and working capital for Cullumber for 2025. (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) eTextbook and Media Current ratio eTextbook Working capital $ eTextbook and Media Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Assume that at the end of 2025, Cullumber used $3,180 cash to pay off $3,180 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, eg. 2.75. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Debt to assets ratio :1 Times interest earned $12.700 15.300 12,663 :1 $40,663 % Compute the debt to assets ratio and the times interest earned for Cullumber for 2025. (Round debt to assets ratio to 0 decimal places, e.g. 25% and times interest earned to 1 decimal place, e.g. 27.5.) times Assistance Used Assistance Used
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