Exercise 9-8A (Algo) Ratio analysis LO 9-2, 9-3
The balance sheet for Munoz Corporation follows:
Current assets: $249,000
Long-term assets (net): $753,000
Total assets: $1,002,000
Current liabilities: $158,000
Long-term liabilities: $451,000
Total liabilities: $609,000
Common stock and retained earnings: $393,000
Total liabilities and stockholders' equity: $1,002,000
Required: Compute the following. (Round "Ratios" to 1 decimal place.)
1. Working capital
2. Current ratio
3. Debt-to-assets ratio
4. Debt-to-equity ratio