Practice Help The balance sheet for Fanning Corporation follows:242,000758,000Current assetsLong-term assets (net)Total assets$1,000,000Current liabilities144,000453,000Long-term liabilitiesTotal liabilities597,000403,000Common stock and retained earningsTotal liabilities and stockholders' equity$1,000,000RequiredCompute the following. (Round ratios to 1 decimal place.)Working capitalCurrent ratioDebt-to-assets ratio%Debt-to-equity ratio

Ratio analysis means where different ratio of various years of years companies has been compared and…

The balance sheet for Fanning Corporation follows: $ 242,000 758,000 Current assets Long-term assets (net) Total assets $1,000,000 Current liabilities 144,000 453,000 597,000 403,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,000,000 Required Compute the following. (Round ratios to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio %