Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Long-Term Solvency Analysis

The following information was taken from Celebrate Company's balance sheet:

Fixed assets (net) $774,300
Long-term liabilities 267,000
Total liabilities 280,350
Total stockholders' equity 934,500

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

a.  Ratio of fixed assets to long-term liabilities fill in the blank 1
b.  Ratio of liabilities to stockholders' equity fill in the blank 2



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