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Exercise 9-8 Ratio analysis [LO 4, 5] Balance sheet data for Kamel Corporation follow. Current assets $800,000 Long-term assets (net) 4,300,000 Total assets $5,100,000 Current
Exercise 9-8 Ratio analysis [LO 4, 5]
Balance sheet data for Kamel Corporation follow. |
Current assets | $800,000 |
Long-term assets (net) | 4,300,000 |
Total assets | $5,100,000 |
Current liabilities | $400,000 |
Long-term liabilities | 2,560,000 |
Total liabilities | 2,960,000 |
Total stockholders' equity | 2,140,000 |
Total liabilities and stockholders equity | $5,100,000 |
Required: |
Compute the following (Round your answers to 1 decimal place. Omit the "$" & "%" signs in your response): |
Working capital | $ | |
Current ratio | : 1 | |
Debt to assets ratio | % | |
Debt to equity ratio | : 1 | |
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