Question
Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $1,766,400
Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $1,766,400 384,000 2,553,600 1,344,000 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
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