TACK CALCULATOR PRINT VERSION Practice Da TH Review 02 Marigold Company provides you with the following balance sheet information as of December 31, 2020. Current assets $10,700 Current liabilities $13,750 Long-term assets 25,650 Long-term liabilities 8,850 Stockholders' equity 13,750 Total assets $36,350 Total liabilities and stockholders' equity $36,350 In addition, Marigold reported net income for 2020 of $15,650, income tax expense of $3,200, and interest expense of $1,150. (Round ratios to 2 decimal places, e.g. 2.75-1. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) (a) Compute the current ratio and working capital for Marigold for 2020. Current ratio 1 Working capital (b) Assume that at the end of 2020, Marigold used $2,050 cash pay off $2,850 of accounts payable. How would the current ratio and working capital have changed? Current ratio Working capital (c) Compute the debt to assets ratio and the times interest earned ratio for Marigold for 2020. Debt to assets ratio :1 Total assets $36,350 Total liabilities and stockholders' equity $36.350 CALCULATOR PETH In addition, Marigold reported net income for 2020 of $15,650, income tax expense of $3,200, and interest expense of $1,150. (Round ratios to 2 decimal places, .. amounts ursing either a negative sign preceding the number eg.-45 or parentheses c.g. (45).) Compute the current ratio and working capital for Marigold for 2020. Current ratio 1 Working capital (b) Assume that at the end of 2020, Marigold used $2,050 cash to pay off $2,850 of accounts payable. How would the current ratio and working capital have changed? Current ratio 11 Working capital (c) Compute the debt to assets ratio and the times interest earned ratio for Marigold for 2020. Debt to assets ratio :1 Times interest earned ratio Question Attempts: 0 of 1 used SAVE FOR