Module 7 Problem Set 1. BE.14.06.ALGO 2. BE.14.05.ALGO 3. BE.14.11.ALGO 4. BE.14.08.ALGO 5. BE.14.02.ALGO 6. BE.14.04.ALGO Long-Term Solvency Analysis The following information was taken from Combine Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $993,600 276,000 1,835,400 966,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Module 7 Problem Set
1. BE.14.06.ALGO
2. BE.14.05.ALGO
3. BE.14.11.ALGO
4. BE.14.08.ALGO
5. BE.14.02.ALGO
6. BE.14.04.ALGO
7. BE.14.09.ALGO
8. BE.14.03.ALGO
9. BE.14.10.ALGO
10. BE.14.01.ALGO
Long-Term Solvency Analysis
The following information was taken from Combine Company's
balance sheet:
Fixed assets (net)
Long-term liabilities
Total liabilities
Total stockholders' equity
$993,600
276,000
1,835,400
966,000
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
b. Ratio of liabilities to stockholders' equity
CE
Transcribed Image Text:Module 7 Problem Set 1. BE.14.06.ALGO 2. BE.14.05.ALGO 3. BE.14.11.ALGO 4. BE.14.08.ALGO 5. BE.14.02.ALGO 6. BE.14.04.ALGO 7. BE.14.09.ALGO 8. BE.14.03.ALGO 9. BE.14.10.ALGO 10. BE.14.01.ALGO Long-Term Solvency Analysis The following information was taken from Combine Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $993,600 276,000 1,835,400 966,000 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 b. Ratio of liabilities to stockholders' equity CE
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