Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $473,000 Long-term liabilities 215,000 Total liabilities 1,354,500 Total stockholders' equity 752,500 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 Asset turnover A company reports the following: Sales $561,000 Average total assets (excluding long-term investments) 467,500 Determine the asset turnover ratio. If required, round your answer to one decimal place