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Owl Sporting Goods reported the following data at July 31, 2018, with amounts in thousands: (Click the icon to view the income statement.) (Click the
Owl Sporting Goods reported the following data at July 31, 2018, with amounts in thousands: (Click the icon to view the income statement.) (Click the icon to view the statement of retained earnings.) (Click the icon to view the balance sheet.) Read the requirements. 1. Calculate Owl's net working capital. Net working capital - 2. Calculate Owl's current ratio. (Round answer to two decimal places.) Current ratio 3. Calculate Owl's debt ratio. (Round answer to two decimal places.) Debt ratio Do these ratio values and ratios look strong, weak or in between? Net working capital is 1. This means V and is a Vsign Owl's current ratio is considered Owl's debt ratio is considered Data Table Owl Sporting Goods Company Balance Sheet July 31, 2018 Data Table Data Table Amounts in thousands) Owl Sporting Goods Company Income Statement Year Ended July 31, 2018 Assets Owl Sporting Goods Company Statement of Retained Earnings Year Ended July 31, 2018 Current 26,100 28,200 31,000 5,300 90,600 19.300 24,100 134,000 Amounts in thousands) Net revenues Cost of goods sold All other expenses Net income S 183,000 136,600 31,000 15.400 Amounts in thousands) Retained earnings, July 31, 2017 Add: Net income Retained earnings, July 31, 2018 Cash Accounts receivable Inventories Other current assets 31,400 15,400 46.800 S Total current assets Property and equipment. net Other assets PrintDone Print Done Total assets Llablilities Total current liabilities Long-term liabilities Total liabilities 53,000 5,200 58,200 Stockholders' Equity Common stock Retained earnings Total stockholders' equity 29,000 46,800 75,800 $134,000 Total liabilities and stockholders equity PrintDone
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