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Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $939,000 Long-term liabilities 313,000 Total liabilities 547,750 Total stockholders'
Long-Term Solvency Analysis
The following information was taken from Acme Company's balance sheet:
Fixed assets (net) | $939,000 |
Long-term liabilities | 313,000 |
Total liabilities | 547,750 |
Total stockholders' equity | 1,095,500 |
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 | fill in the blank 1 |
b. Ratio of liabilities to stockholders' equity | fill in the blank 2 |
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