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Long-Term Solvency Analysis The following information was taken from Combine Company's balance sheet: Fixed assets (net) $460,800 Long-term liabilities 384,000 Total liabilities 403,200 Total stockholders'
Long-Term Solvency Analysis
The following information was taken from Combine Company's balance sheet:
Fixed assets (net) | $460,800 |
Long-term liabilities | 384,000 |
Total liabilities | 403,200 |
Total stockholders' equity | 1,344,000 |
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 |
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