Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me to correct my last number. Please show computations. The balance sheet for Munoz Corporation follows: Current assets $ 247,000 Long-term assets (net)
Please help me to correct my last number. Please show computations.
The balance sheet for Munoz Corporation follows:
Current assets | $ | 247,000 | |
Long-term assets (net) | 757,000 | ||
Total assets | $ | 1,004,000 | |
Current liabilities | $ | 142,000 | |
Long-term liabilities | 443,000 | ||
Total liabilities | 585,000 | ||
Common stock and retained earnings | 419,000 | ||
Total liabilities and stockholders equity | $ | 1,004,000 | |
Required
Compute the following. (Round "Ratios" to 1 decimal place.)
The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 247,000 757,000 $1,004,000 $ 142,000 443,000 585,000 419,000 $1,004,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Answer is complete but not entirely correct. 105,000 1.7 Working capital Current ratio Debt to assets ratio Debt to equity ratio 58.2 % 139.6
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started