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Pharoah Company provides you with the following balance sheet information as of December 31, 2022. Current assets $10,350 Current liabilities $10,800 Long-term assets 23,850 Long-term

Pharoah Company provides you with the following balance sheet information as of December 31, 2022.

Current assets

$10,350

Current liabilities

$10,800

Long-term assets

23,850

Long-term liabilities

12,600

Total assets

$34,200

Stockholders equity

10,800

Total liabilities and stockholders equity

$34,200

In addition, Pharoah reported net income for 2022 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 2022. (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 current ratio rounded to 2 decimal places

:1

Working capital

$enter a dollar amount

Assume that at the end of 2022, Pharoah used $2,700 cash to pay off $2,700 of accounts payable. Compute the new ratios. (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 current 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 Pharoah for 2022. (Round answers 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).)

Debt to assets ratio

enter the debt to assets ratio rounded to 2 decimal places

%

Times interest earned ratio

enter the Times interest earned ratio rounded to 2 decimal places

times

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