Easy Company Reported the Following Data at Year-End

Essay

Easy Company reported the following data at year-end: $$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Total shareholders' equity } & \$ 200,000 \\\hline \text { Current liabilities } & 75,000 \\\hline \text { Total assets } & 350,000 \\\hline \text { Current assets } & 80,000 \\\hline \text { Common stock (par \$10) } & 125,000 \\\hline\end{array}\\\\\begin{array} { | l | l | } \hline \text { (a) } & \text { Compute the debt/equity ratio: } \\\hline \text { (b) } & \text { Compute shareholders' equity to total equities: } \\\hline \text { (c) } & \text { Compute creditors' equity to total equities: } \\\hline \text { (d) } & \text { Compute the current ratio: } \\\hline\end{array}\end{array}$$