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Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) $608,000 Long-term liabilities 320,000 Total liabilities 1,232,000 Total stockholders'

Long-Term Solvency Analysis

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

Fixed assets (net) $608,000
Long-term liabilities 320,000
Total liabilities 1,232,000
Total stockholders' equity 1,120,000

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 fill in the blank 1
b. Ratio of liabilities to stockholders' equity fill in the blank 2

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