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.
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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