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

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 Solomon Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained carnings Total liabilities and stockholders' equity $ 247,000 755,000 $1,002,000 $ 153,000 444,000 597,000 405,000 $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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