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

question 70

Essay

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

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