Long-term solvency analysis Obj. 4 The following information was taken from Charu Company’s balance sheet:

Fixed assets (net) $910,000 Long-term liabilities 260,000 Total liabilities 800,000 Total stockholders’ equity 320,000 Determine the company’s

(a) ratio of fixed assets to long-term liabilities and

(b) ratio of liabilities to stockholders’ equity. Round to one decimal place.

AppendixLO1