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Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $1,263,600 Long-term liabilities 324,000 Total liabilities 1,814,400 Total stockholders'
Long-Term Solvency Analysis
The following information was taken from Acme Company's balance sheet:
Fixed assets (net) | $1,263,600 |
Long-term liabilities | 324,000 |
Total liabilities | 1,814,400 |
Total stockholders' equity | 1,134,000 |
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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