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Ivanhoe Company provides you with the following balance sheet information as of December 31, 2017. Current assets $12,100 Current liabilities $13,700 Long-term assets 29,300 Long-term

Ivanhoe Company provides you with the following balance sheet information as of December 31, 2017.

Current assets $12,100 Current liabilities $13,700
Long-term assets 29,300 Long-term liabilities 12,900
Total assets $41,400 Stockholders equity 14,800
Total liabilities and stockholders equity $41,400

In addition, Ivanhoe reported net income for 2017 of $19,000, income tax expense of $3,400, and interest expense of $1,600.

Compute the current ratio and working capital for Ivanhoe for 2017. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Current ratio enter the ratio rounded to 2 decimal places :1
Working capital $enter a dollar amount

Assume that at the end of 2017, Ivanhoe used $3,400 cash to pay off $3,400 of accounts payable. How would the current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Current ratio enter the ratio rounded to 2 decimal places :1
Working capital $enter a dollar amount

Compute the debt to assets ratio and the times interest earned for Ivanhoe for 2017. (Round answers to 2 decimal places, e.g. 2.75.)

Debt to assets ratio enter the ratio rounded to 2 decimal places :1
Times interest earned ratio enter the ratio rounded to 2 decimal places times

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