Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet Fred assets (net) $479,400 Long term liabilities 202.000 Total abilities 493.500 987.000 Total stockholders' equity Determine the company's () ratio of fixed assets to long-term fubiices and (b) ratio of abilities to stockholders equity. If required, round your answers to one decimal place a. Ratio of fixed asset to long-term 7.5 X abilities b. Ratio of liabilities to stockholders' equity 48.7 x Check My Work G a. Divide fixed assets (net) by long-term liabilities. b. Divide total liabilities by total stockholders' equity