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Pharoah Company provides you with the following balance sheet information as of December 31, 2025. Current $12,912 Current liabilities assets Long-term 29,680 Long-term liabilities assets
Pharoah Company provides you with the following balance sheet information as of December 31, 2025. Current $12,912 Current liabilities assets Long-term 29,680 Long-term liabilities assets Stockholders' equity Total assets $42,592 Total liabilities and stockhol In addition, Pharoah reported net income for 2025 of $17,920, income tax expense of $3,584, and interest expense of $1,456. Your answer is correct. Compute the current ratio and working capital for Pharoah for 2025. (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 0.96 :1 Working capital $ -538 eTextbook and Media X Your answer is incorrect. Assume that at the end of 2025, Pharoah used $3,360 cash to pay off $3,360 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 Working capital $ :1 eTextbook and Media x Your answer is incorrect. Compute the debt to assets ratio and the times interest earned for Pharoah for 2025. (Round debt to assets ratio to O decimal places, e.g. 25% and times interest earned to 1 decimal place, e.g. 27.5.) Debt to assets ratio Times interest times earned eTextbook and Media
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