Chapter 15, Problem 6DQ

To determine

Ratio of fixed assets to long-term liabilities

Ratio of fixed assets to long-term liabilities is determined by dividing fixed assets and long-term liabilities.

Formula:

$\text{Ratio of fixed assets to long-term liabilities}=\frac{\text{Fixed assets }}{\text{Long-term liabilities }}$

To determine: The ratio of fixed assets to long-term liabilities