The following information was taken from Tyson Companys balance sheet: Fixed assets (net) .............. $1,050,000 Long-term liabilities

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The following information was taken from Tyson Company’s balance sheet:

Fixed assets (net) .............. $1,050,000
Long-term liabilities ............... 750,000
Total liabilities ......................... 850,000
Total stockholders’ equity ...... 500,000


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.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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