Brenham Corporation's 2009 and 2010 balance sheets and income statements are as follows:
Required:
a. Calculate Brenham's current ratio at December 31, 2010.
b. Calculate Brenham's working capital at December 31, 2010.
c. Calculate Brenham's debt to asset ratio at December 31, 2010.
d. Calculate Brenham's long-term debt to equity ratio at December 31, 2010.
e. Calculate Brenham's times interest earned ratio at December 31, 2010.
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