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Long-Term Solvency Analysis The following information was taken from Combine Company's balance sheet: Fixed assets (net) $1,974,000 Long-term abilities 470,000 Total liabilities 1,974,000 Total stockholders'
Long-Term Solvency Analysis The following information was taken from Combine Company's balance sheet:
Fixed assets (net) $1,974,000
Long-term abilities 470,000
Total liabilities 1,974,000
Total stockholders' equity 1,645,000
Determine the company's (a) ratio of fixed assets to long-term fiabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place
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