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Windsor Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets Current ratio $10,600
Windsor Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets Current ratio $10,600 Current liabilities 25,650 Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Working capital $36,250 Current ratio In addition, Windsor reported net income for 2022 of $16,400, income tax expense of $3,280, and interest expense of $1,350. (a) $13,600 :1 9,050 Compute the current ratio and working capital for Windsor for 2022. (Round ratio to 2 decimal places, eg. 2.75:1. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45)) 13,600 :1 $36,250 ! (b) Assume that at the end of 2022, Windsor used $3,100 cash to pay off $3,100 of accounts payable. How would the current ratio and working capital have changed? (Round ratio to 2 decimal places, e.g. 2.75:1. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) (b) Assume that at the end of 2022, Windsor used $3,100 cash to pay off $3,100 of accounts payable. How would the current ratio and working capital have changed? (Round ratio to 2 decimal places, eg. 2.75:1. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses g. (45)) Current ratio Working capital (c) Compute the debt to assets ratio and the times interest earned ratio for Windsor for 2022. (Do not use the information from (b) to determine the solution) (Round answers to 1 decimal place, e.g. 15.2 or 15.2%) Debt to assets ratio :1 Times interest earned ratio %
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