Question: Balance sheet data for the Knox Corporation follows Current assets

Balance sheet data for the Knox Corporation follows.
Current assets .............. $ 40,000
Long-term assets (net) .......... 160,000
Total assets ............... $200,000
Current liabilities ............ $ 18,000
Long-term liabilities ........... 72,000
Total liabilities ............. 90,000
Common stock and retained earnings .... 110,000
Total liabilities and stockholders’ equity .... $200,000

Required
Compute the following and round computations to one decimal point.
a. Working capital
b. Current ratio
c. Debt to assets ratio
d. Debt to equity ratio



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  • CreatedFebruary 07, 2014
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