The following information was taken from Tyson Companys balance sheet: Fixed assets (net) ........................................................................$ 774,000 Long-term liabilities
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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
(b) Ratio of liabilities to stockholders’ equity.
Round to one decimal place.
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Related Book For
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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