The balance sheet for Fanning Corporation follows: $246,000 764,000 Current assets Long-term assets (net) Total assets $1,010,000 149,000 452,000 601,000 Current liabilities $ Long-term liabilities Total liabilities Common stock and retained earnings 409,000 Total liabilities and stockholders' equity $1,010,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio % Debt-to-equity ratio

The balance sheet for Fanning Corporation follows: $246,000 764,000 Current assets Long-term assets (net) Total assets $1,010,000 149,000 452,000 601,000 Current liabilities $ Long-term liabilities Total liabilities Common stock and retained earnings 409,000 Total liabilities and stockholders' equity $1,010,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio % Debt-to-equity ratio

Name: The balance sheet for Fanning Corporation follows:$ 246,000764,000Cur
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Description: The balance sheet for Fanning Corporation follows:$ 246,000764,000Current assetsLong-term assets (net)Total assets$1,010,000$ 149,000452,000601,000409,000Current liabilitiesLong-term liabilitiesTotal liabilitiesCommon stock and retained earningsTota

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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