eBook Calculator Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Santa Fe Company and Madrid Company, is as follows (in thousands) Santa Fe Madrid Net property, plant, and equipment $357,540 $663,680 Current liabilities 289,508 772,014 Long-term debt 440,966 597,312 Other long-term liabilities 154,934 232,288 Stockholders' equity 192,480 326,860 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place Santa Fe Madrid b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to one decimal place Santa Fe Madrid C. Although uses more debt, it has creditor protection and borrowing capacity