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The balance sheet for Vernon Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings
The balance sheet for Vernon Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 236,000 766,000 $1,002,000 $ 146,000 450,000 596,000 406,000 $1,002,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital $ 90,000 Current ratio 1.6 30.8% Debt-to-assets ratio Debt-to-equity ratio 146.8
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