Learning Objective $4$

The following information was taken from Celebrate Company's balance sheet:

Determine the company's $($a$)$ ratio of fixed assets to long$-$term liabilities and $($b$)$ ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

a$.$ Ratio of fixed assets to long$-$term liabilities

b$.$ Ratio of liabilities to stockholders' equity