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

Fixed assets (net) $ 960,000 Long-term liabilities 800,000 Total liabilities 1,000,000 Total stockholders’ equity 625,000 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