Based on the following information, compute the (1) current ratio and (2) working capital. (4...
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Accounting
Based on the following information, compute the (1) current ratio and (2) working capital. (4 points)
Current assets $200,000
Total assets 900,000Current liabilities 80,000Total liabilities 500,000
(1) Current Ratio
(2) Working Capital
Ranger Corporation reports the following amounts in their 2015 financial statements: (6 points)
At December 31, 2015 For the Year 2015
Total assets $2,000,000
Total liabilities 1,310,000
Total stockholders equity ?
Interest expense $25,000
Income tax expense 130,000
Net income 150,000
Instructions
Compute the December 31, 2013, balance in stockholders equity.
Compute the debt to assets ratio at December 31, 2015.
Compute times interest earned for 2015.
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