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The balance sheet for Rundle Corporation follows: Current assets Long-term assets (net). Total assets Current liabilities Long-term liabilities. $231,000 762,000 $993,000 $156,000 456,000 Total liabilities
The balance sheet for Rundle Corporation follows: Current assets Long-term assets (net). Total assets Current liabilities Long-term liabilities. $231,000 762,000 $993,000 $156,000 456,000 Total liabilities Common stock and retained earnings 612,000 381,000 Total liabilities and stockholders' equity $993,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio % Debt-to-equity ratio On June 30, Year 3, Campbell Company's total current assets were $499,000 and its total current liabilities were $278,000. On July 1, Year 3, Campbell issued a short-term note to a bank for $38,000 cash. Required a. Compute Campbell's working capital before and after issuing the note. b. Compute Campbell's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) a. Working capital b. Current ratio Before the transaction After the transaction
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