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.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 5CE
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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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