Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net) $373,100 Long-term liabilities 287,000 Total liabilities 703,150 Total stockholders' equity 1,004,500 Determine the company's (a)
Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net) $373,100 Long-term liabilities 287,000 Total liabilities 703,150 Total stockholders' equity 1,004,500 Determine the company's (a)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Long-Term Solvency Analysis
The following information was taken from Station Company's balance sheet:
| Fixed assets (net) | $373,100 |
| Long-term liabilities | 287,000 |
| Total liabilities | 703,150 |
| Total |
1,004,500 |
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 |
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