Longhorn Company reported the following data at year-end:
$$\begin{array} { l r }
\text { Total stockholders' equity } & \$ 200,000 \
\text { Current liabilities } & 75,000 \
\text { Total assets } & 350,000 \
\text { Current assets } & 80,000 \
\text { Common stock (par } \$ 10 ) & 125,000
\end{array}$$ Calculate each of the following ratios:
A.Debt to equity
B.Current ratio

Question

Longhorn Company reported the following data at year-end:
 $$\begin{array} { l r } 
\text { Total stockholders' equity } & \$ 200,000 \
\text { Current liabilities } & 75,000 \
\text { Total assets } & 350,000 \
\text { Current assets } & 80,000 \
\text { Common stock (par } \$ 10 ) & 125,000
\end{array}$$ Calculate each of the following ratios:
A.Debt to equity
B.Current ratio

Quizplus · Accepted Answer

The Answer of Longhorn Company reported the following data at year-end:
 $$\begin{array} { l r } 
\text { Total stockholders' equity } & \$ 200,000 \
\text { Current liabilities } & 75,000 \
\text { Total assets } & 350,000 \
\text { Current assets } & 80,000 \
\text { Common stock (par } \$ 10 ) & 125,000
\end{array}$$ Calculate each of the following ratios:
A.Debt to equity
B.Current ratio

Longhorn Company Reported the Following Data at Year-End Calculate Each of the Following Ratios: A

Longhorn Company Reported the Following Data at Year-End Calculate Each of the Following Ratios:
A