Long-Term Solvency Analysis

The following information was taken from Celebrate Company's balance sheet:

Fixed assets (net) $803,600

Long-term liabilities 287,000

Total liabilities 803,600

Total stockholders' equity 1,004,500

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