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The balance sheet for Shankland Corporation follows: Current assets $ 600,000 Long-term assets (net) 1,900,000 Total assets $ 2,500,000 Current liabilities $ 400,000 Long-term liabilities
The balance sheet for Shankland Corporation follows:
Current assets | $ | 600,000 | |
Long-term assets (net) | 1,900,000 | ||
Total assets | $ | 2,500,000 | |
Current liabilities | $ | 400,000 | |
Long-term liabilities | 1,200,000 | ||
Total liabilities | 1,600,000 | ||
Common stock and retained earnings | 900,000 | ||
Total liabilities and stockholders equity | $ | 2,500,000 | |
Required Compute the following. (Round "Ratios" to 1 decimal place.)
Working capital | ||
Current ratio | ||
Debt-to-assets ratio | % | |
Debt-to-equity ratio |
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