Question: Problem: Module 4 Textbook Problem 5 Learning Objectives: . 4-2 Calculate ratios for assessing a company's liquidity 4-3 Calculate ratios for assessing a company's solvency
Problem: Module 4 Textbook Problem 5 Learning Objectives: . 4-2 Calculate ratios for assessing a company's liquidity 4-3 Calculate ratios for assessing a company's solvency 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 $ 238,000 767,000 $1,005,000 $ 152,000 452,000 604,000 401,000 $1,005,000 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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