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The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets $236,000 752,000 $988,000

The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets $236,000 752,000 $988,000

FINANCIAL ACCOUNTING
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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The balance sheet for Munoz 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 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $236,000 752,000 $988,000 $147,000 455,000 602,000 386,000 $988,000 %
Transcribed Image Text:The balance sheet for Munoz 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 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $236,000 752,000 $988,000 $147,000 455,000 602,000 386,000 $988,000 %
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