27. (10 points) Use the following data to determine the following:
Working capital
Current ratio
Debt to assets ratio
Eddy Auto Supplies
Balance Sheet
December 31, 2017
Cash
$ 126,000 Accounts payable
$ 165,000
Accounts receivable
120,000 Salaries and wages payable
30,000
Inventory
210,000 Mortgage payable
270,000
Prepaid insurance
90,000 Total liabilities
$465,000
Stock investments
255,000
Land
285,000
Buildings
$339,000
Common stock
Less: Accumulated
Retained earnings
$360,000
750,000
depreciation
(60,000)
279,000
Total stockholders' equity
$1,110,000
Trademarks
210,000
Total liabilities and
Total assets
$1.575.000
stockholders' equity
$1.575.000