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Cullumber Company provides you with the following balance sheet information as of December 31, 2017 Current assets $9,660 Current liabilities $10.080 Long-term assets 22,260 Long-term
Cullumber Company provides you with the following balance sheet information as of December 31, 2017 Current assets $9,660 Current liabilities $10.080 Long-term assets 22,260 Long-term liabilities 11.760 Total assets $31.920 Stockholders' equity 10.000 Total liabilities and stockholders' equity $31.920 In addition. Cullumber reported net income for 2017 of $13.440, income tax expense of $2,688, and interest expense of $1.092. Compute the current ratio and working capital for Cullumber for 2017. (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).) Current ratio Working capital $ eTextbook and Media Assume that at the end of 2017, Cullumber used $2.520 cash to pay off $2.520 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 eg. (457) :1 Current ratio Working capital $ eTextbook and Media Compute the debt to assets ratio and the times interest earned for Cullumber for 2017. (Round answers to 2 decimal places, eg. 2.75.) Debt to assets ratio :1 Times interest earned ratio times eTextbook and Media
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