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I truly appreciate the help! Current Attempt in Progress Pharoah Company provides you with the following balance sheet information as of December 31,2025. In addition,
I truly appreciate the help!
Current Attempt in Progress Pharoah Company provides you with the following balance sheet information as of December 31,2025. In addition, Pharoah reported net income for 2025 of $14,400, income tax expense of $2,880, and interest expense of $1,170. Compute the current ratio and working capital for Pharoah for 2025. (Round current ratio to 2 decimal places, es. 2.75. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es. (45).) Assume that at the end of 2025, Pharoah used $2,700 cash to pay off $2,700 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. (45).) Current ratio :1 Working capital Compute the debt to assets ratio and the times interest earned for Pharoah for 2025 . (Round debt to assets ratio to 0 decimal places, eg. 25\% and times interest earned to 1 decimal place, eg. 27.5.) Debt to assets ratio Times interest earned times Step by Step Solution
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