The following information was taken from Tyson Company's balance sheet: Fixed assets (net) $774,000 Long-term liabilities 430,000 Total liabilities 1,218,000 Total stockholders' equity 580,000 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

The following information was taken from Tyson Company's balance sheet: Fixed assets (net) $774,000 Long-term liabilities 430,000 Total liabilities 1,218,000 Total stockholders' equity 580,000 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

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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