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 Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 243,000 761,000 $ 1,004,000 $ 151,000 455,000 606,000 398,000 $ 1,004,000

The balance sheet for Vernon Corporation follows: Required Compute the following Note: Round ratios to 1 decimal place