The following information was taken from Bombay Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $804889 256645 574726 259081 Determine the company's ratio of fixed assets to long-term liabilities. If required, round your answers to one decimal place.
The following information was taken from Bombay Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $804889 256645 574726 259081 Determine the company's ratio of fixed assets to long-term liabilities. If required, round your answers to one decimal place.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:14-C
The following information was taken from Bombay Company's balance sheet:
Fixed assets (net)
Long-term liabilities.
Total liabilities
Total stockholders' equity
$804889
Add your answer
256645
574726
259081
Determine the company's ratio of fixed assets to long-term liabilities. If required, round your
answers to one decimal place.
I
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