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Long-term solvency analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) Long-term liabilities $915,000 366,000 2,177,700 Total liabilities Total stockholders'

image text in transcribed Long-term solvency analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) Long-term liabilities $915,000 366,000 2,177,700 Total liabilities Total stockholders' equity 1,281,000 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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