Question: Consider this simplified balance sheet for Geomorph Trading: Current assets $ 100 Current liabilities $ 60 Long-term assets 500 Long-term debt 280 Other liabilities 70
Consider this simplified balance sheet for Geomorph Trading:
| Current assets | $ 100 | Current liabilities | $ 60 |
| Long-term assets | 500 | Long-term debt | 280 |
| Other liabilities | 70 | ||
| Equity | 190 | ||
| $ 600 | $ 600 |
Required:
What is the companys debt-equity ratio?
Note: Round your answer to 2 decimal places.
What is the ratio of total long-term debt to total long-term capital?
Note: Round your answer to 2 decimal places.
What is its net working capital?
What is its current ratio?
Note: Round your answer to 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
