Question: Balance sheet data for Ramsey Corporation follow. Current assets ............ $ 150,000 Long-term assets (net) ........... 850,000 Total assets ............ $1,000,000 Current liabilities ............ $
Balance sheet data for Ramsey Corporation follow.
Current assets ............ $ 150,000
Long-term assets (net) ........... 850,000
Total assets ............ $1,000,000
Current liabilities ............ $ 84,000
Long-term liabilities .......... 492,000
Total liabilities ............ 576,000
Total stockholders’ equity .......... 424,000
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 150000 84000 66000 Curren... View full answer
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