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Unformatted text preview: Current assets Cash $140,000 PPE Land 148,000 Total assets 288,000 Liabilities and Stockholders Equity Current liabilities Accounts payable 87,600 Stockholders equity Common stock 114,000 Retained earnings 86,400 Total liabilities and stockholders equity 288,000 (3) Working capital = current assets current liabilities = 140,000 87,600 = 52,400 Debts to total assets ratio = total liabilities / total assets = 87,600 / 288,000 = 30.42%...
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