Balance sheet data for the Lawrence Corporation follows Required Compute the following a Working capital b Current ratio c Debt to assets ratio d Debt to equity ratio $ 20,000 140,000 Current assets Long term assets (net) Total assets $160,000 $ 15,000 45,000 Current liabilities Long term liabiliti...

All results are rounded to the nearest tenth a Working capital Current as ...

Balance sheet data for the Lawrence Corporation follows. Required Compute the following: a. Working capital b. Current

Question:

data for the Lawrence follows.

$ 20,000 140,000 Current assets Long-term assets (net) Total assets $160,000 $ 15,000 45,000 Current liabilities Long-te

Required
Compute the following:
a. Working capital
b. Current ratio
c. Debt to assets ratio
d. 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...