The following information was taken from Charu Companys balance sheet: Fixed assets (net) .........................................$910,000 Long-term liabilities ......................................260,000
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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.
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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