Question
Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net) $684,600 Long-term liabilities 326,000 Total liabilities 1,825,600 Total stockholders'
Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet:
Fixed assets (net) $684,600
Long-term liabilities 326,000
Total liabilities 1,825,600
Total stockholders' equity 1,141,000
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.
b.
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Managerial Accounting Principles Of Accounting II
Authors: Eric W. Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
0077681258, 978-0077681258
