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Q.9 The balance sheet for Solomon Corporation follows: Current assets $ 237,000 Long-term assets (net) 752,000 Total assets $ 989,000 Current liabilities $ 156,000 Long-term
Q.9
The balance sheet for Solomon Corporation follows:
Current assets | $ | 237,000 | |
Long-term assets (net) | 752,000 | ||
Total assets | $ | 989,000 | |
Current liabilities | $ | 156,000 | |
Long-term liabilities | 450,000 | ||
Total liabilities | 606,000 | ||
Common stock and retained earnings | 383,000 | ||
Total liabilities and stockholders equity | $ | 989,000 | |
Required Compute the following. (Round "Ratios" to 1 decimal place.)
Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratioStep by Step Solution
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