Balance sheet data for Kamel Corporation follow Current assets ............ $ 240,000 Long-term assets (net) ........... 760,000
Question:
Current assets ............ $ 240,000
Long-term assets (net) ........... 760,000
Total assets ............. $1,000,000
Current liabilities ........... $ 150,000
Long-term liabilities ........... 450,000
Total liabilities .............. 600,000
Total stockholders’ equity ........ 400,000
Total liabilities and stockholders’ equity . $1,000,000
Required
Compute the following:
Working capital ________
Current ratio ________
Debt to assets ratio ________
Debt to equity ratio ________
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Survey of Accounting
ISBN: 978-0078110856
3rd Edition
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
Question Posted: