Walker Corporation has provided the following financial data:
The company's net operating income for Year 2 was $63,615 and its interest expense was $15,000.Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's times interest earned ratio for Year 2?e. What is the company's debt-to-equity ratio at the end of Year 2?f. What is the company's equity multiplier at the end of Year 2?

Question

Walker Corporation has provided the following financial data:
  The company's net operating income for Year 2 was $63,615 and its interest expense was $15,000.Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's times interest earned ratio for Year 2?e. What is the company's debt-to-equity ratio at the end of Year 2?f. What is the company's equity multiplier at the end of Year 2?

Quizplus · Accepted Answer

The Answer of Walker Corporation has provided the following financial data:
  The company's net operating income for Year 2 was $63,615 and its interest expense was $15,000.Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's times interest earned ratio for Year 2?e. What is the company's debt-to-equity ratio at the end of Year 2?f. What is the company's equity multiplier at the end of Year 2?

Walker Corporation Has Provided the Following Financial Data