The balance sheet for Stuart Corporation follows:Current assetsLong-term assets (net)Total assetsCurrent liabilitiesLong-term liabilitiesTotal liabilitiesCommon stock and retained earningsTotal liabilities and stockholders' equityWorking capitalCurrent ratioDebt-to-assets ratioDebt-to-equity ratio$ 94,0001.7$RequiredCompute the following. (Round "Ratios" to 1 decimal place.)%238,000770,000$1,008,000$ 144,000441,000585,000423,000$1,008,000

The following formulas used as follows:-1)working capital = Current assets - Current…

Answered: Required Compute the following. (Round…

Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $ 94,000 1.7 %

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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Question

The balance sheet for Stuart 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
Working capital
Current ratio
Debt-to-assets ratio
Debt-to-equity ratio
$ 94,000
1.7
$
Required
Compute the following. (Round "Ratios" to 1 decimal place.)
%
238,000
770,000
$1,008,000
$ 144,000
441,000
585,000
423,000
$1,008,000

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