The balance sheet for Zachary Corporation follows. Current assets $246,000 Long- term assets (net) 753,000 Total assets $999,000 Current liabilities $145,000 Long- term liabilities 444,000 Total liabilities 589,000 Common stock and retained earnings 410,000 Total liabilities and stockholders' equity $999,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) 1. working capital 2. current ratio 3. debt-to-assets assets ratio 4. debt-to-equity ratio

The balance sheet for Zachary Corporation follows. Current assets $246,000 Long- term assets (net) 753,000 Total assets $999,000 Current liabilities $145,000 Long- term liabilities 444,000 Total liabilities 589,000 Common stock and retained earnings 410,000 Total liabilities and stockholders' equity $999,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) 1. working capital 2. current ratio 3. debt-to-assets assets ratio 4. debt-to-equity ratio

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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Aid Home | Federal Student Aid X Filling Out the FAFSAⓇ Form | Fox M Question 2-CH4 Class-Connec X G [The following information ap mheducation.com/ext/map/index.html?_con-con&external_browser=0&launch Url=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps%252Fportal Saved M. Muncel, Capital Dated May 31 PR Debit Account Number 301 Credit Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). General Ledger Balance Account Number 622 Credit Salaries Expense Date PR Debit Balance G2 40,000 May 31 G2 20,000 M. Muncel, Withdrawals Date PR Debit Account Number 302 Credit Insurance Expense Balance Date PR Debit Account Number 637 Credit May 31 G2 23,000 May 31 G2 Balance 4,400 Services Revenue Date PR Debit Account Number 403 Credit Rent Expense Balance Date PR Debit Account Number 640 Credit May 31 G2 Depreciation Expense Date PR Debit 76,000 Account Number 603 Credit May 31 Income Summary 62 Balance 8,400 May 31 G2…
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