Question: Exercise 9-8 Ratio analysis LO 9-2, 9-3 The balance sheet for Thornton Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities

Exercise 9-8 Ratio analysis LO 9-2, 9-3 The balance sheet for

Exercise 9-8 Ratio analysis LO 9-2, 9-3 The balance sheet for Thornton Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 248,000 754,000 $1,002,000 $ 149,000 456,000 605,000 397,000 $1,002,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio Debt to equity ratio

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