The balance sheet for Shankland Corporation follows: ...
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Accounting
The balance sheet for Shankland Corporation follows:
| Current assets | $ | 600,000 | |
| Long-term assets (net) | 1,900,000 | ||
| Total assets | $ | 2,500,000 | |
| Current liabilities | $ | 400,000 | |
| Long-term liabilities | 1,200,000 | ||
| Total liabilities | 1,600,000 | ||
| Common stock and retained earnings | 900,000 | ||
| Total liabilities and stockholders equity | $ | 2,500,000 | |
Required Compute the following. (Round "Ratios" to 1 decimal place.)
| Working capital | ||
| Current ratio | ||
| Debt-to-assets ratio | % | |
| Debt-to-equity ratio |
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