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why is the debt to assets ratio of 0.6 incorrect? The balance sheet for Solomon Corporation follows: Current assets Long-term assets (net) Total assets Current
why is the debt to assets ratio of 0.6 incorrect?
The balance sheet for Solomon 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 $ 237,000 751,000 $988,000 $156,000 453,000 609,000 379,000 $988,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) $ 81,000 1.5 Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio 0.6% 1.6
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