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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.)

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Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio

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