Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 8: For STU Inc., the balance sheet data are as follows: Item Amount (in $ thousands) Cash 1,000 Marketable Securities 2,000 Accounts Receivable 6,000
Question 8:
For STU Inc., the balance sheet data are as follows:
Item | Amount (in $ thousands) |
Cash | 1,000 |
Marketable Securities | 2,000 |
Accounts Receivable | 6,000 |
Inventory | 8,000 |
Total Current Assets | 17,000 |
Property, Plant, Equipment | 13,000 |
Total Assets | 30,000 |
Accounts Payable | 5,000 |
Notes Payable | 4,000 |
Long-Term Debt | 6,000 |
Total Liabilities | 15,000 |
Common Stock | 8,000 |
Retained Earnings | 7,000 |
Total Liabilities and Equity | 30,000 |
- Calculate the Current Ratio.
- Compute the Quick Ratio.
- Determine the Total Debt to Total Equity Ratio.
- Calculate the Working Capital.
- Compute the Debt to Assets Ratio.
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