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Balance sheet data for Kamel Corporation follow: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Total stockholders' equity $240,000 760,000 $1,000,000 $150,000 450,000 600,000 400,000 Total liabilities and stockholders' equity $1,000,000 Required: Compute the following: a. Working capital. b. Current ratio. c. Debt to assets ratio. d. Debt to equity ratio.

Balance sheet data for Kamel Corporation follow: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Total stockholders' equity $240,000 760,000 $1,000,000 $150,000 450,000 600,000 400,000 Total liabilities and stockholders' equity $1,000,000 Required: Compute the following: a. Working capital. b. Current ratio. c. Debt to assets ratio. d. Debt to equity ratio.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Balance sheet data for Kamel Corporation follow: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Total stockholders' equity $240,000 760,000 $1,000,000 $150,000 450,000 600,000 400,000 Total liabilities and stockholders' equity $1,000,000 Required: Compute the following: a. Working capital. b. Current ratio. c. Debt to assets ratio. d. Debt to equity ratio.
Transcribed Image Text:Balance sheet data for Kamel Corporation follow: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Total stockholders' equity $240,000 760,000 $1,000,000 $150,000 450,000 600,000 400,000 Total liabilities and stockholders' equity $1,000,000 Required: Compute the following: a. Working capital. b. Current ratio. c. Debt to assets ratio. d. Debt to equity ratio.
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