PE.17-06.ALGO - Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) $322,500 Long-term liabilities 215,000 376,250 752,500 I Total liabilities Total stockholders' equity 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

PE.17-06.ALGO - Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) $322,500 Long-term liabilities 215,000 376,250 752,500 I Total liabilities Total stockholders' equity 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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