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Debt Ratio, Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-term Liabilities Recent balance sheet information for two companies in the
Debt Ratio, Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-term Liabilities Recent balance sheet information for two companies in the snack food industry, Santa Fe Company and Madrid Company, are as follows: Santa Fe Madrid Net property, plant, and equipment $258,602 $ 513,300 Liabilities: Current liabilities 270,545 672,510 Long-term debt 617,308 626,400 Other long-term liabilities 216,892 243,600 Total liabilities $1,104,745 $1,542,510 Stockholders' equity 269,450 342,780 Total liabilities and stockholders' equity $1,374,195 $1,885,290 a. Determine the debt ratio for both companies. Enter your answers as percent values rounded to one decimal place. Santa Fe Madrid b. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. Santa Fe Madrid c. Determine the ratio of fixed assets to long-term liabilities for both companies. Enter your answers as decimal values rounded to two decimal places. Santa Fe Madrid
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