Question: Balance sheet data for Kamel Corporation follow Current assets ............ $ 240,000 Long-term assets (net) ........... 760,000 Total assets ............. $1,000,000 Current liabilities ........... $
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 ________
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Working capital Current assets Current liabilities 240000 15000... View full answer
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