The following information was taken from Station Company's balance sheet: Line Item Description Amount Fixed assets (net) $940,800 Long-term liabilities 192,000 Total liabilities 1,209,600 Total stockholders' equity 672,000 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. Line Item Description Ratio a.  Ratio of fixed assets to long-term liabilities fill in the blank 1 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
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The following information was taken from Station Company's balance sheet:

Line Item Description Amount
Fixed assets (net) $940,800
Long-term liabilities 192,000
Total liabilities 1,209,600
Total stockholders' equity 672,000

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.

Line Item Description Ratio
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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