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The balance sheet for Rooney Corporation follows: Current assets $ 233,000 Long-term assets (net) 767,000 Total assets $ 1,000,000 Current liabilities $ 148,000 Long-term liabilities
The balance sheet for Rooney Corporation follows:
Current assets | $ | 233,000 | |
Long-term assets (net) | 767,000 | ||
Total assets | $ | 1,000,000 | |
Current liabilities | $ | 148,000 | |
Long-term liabilities | 448,000 | ||
Total liabilities | 596,000 | ||
Common stock and retained earnings | 404,000 | ||
Total liabilities and stockholders equity | $ | 1,000,000 | |
Required Compute the following. (Round ratios to 1 decimal place.)
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