Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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Consider this simplified balance sheet for Geomorph Trading:
Current assets
Long-term assets
$ 110
510
Net working capital
$ 620
a.
Debt-equity ratio
b Long-term debt-to-capital ratio
C.
d. Current ratio
a. What is the company's debt-equity ratio? (Round your answer to 2 decimal places.)
b. What is the ratio of total long-term debt to total long-term capital? (Round your answer to 2 decimal places.)
c. What is its net working capital?
d. What is its current ratio? (Round your answer to 2 decimal places.)
Current liabilities
Long-term debt
Other liabilities
Equity
$ 65
275
80
200
$ 620
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Use the accounting equation to answer each of the following questions.(a) The liabilities of Alli Company Ltd. are £90,000. Share capital—ordinary is £150,000; dividends are £40,000; revenues, £450,000; and expenses, £320,000. What is the amount of Alli Company Ltd.’s total assets?
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