PROBLEM FIVE The following information has been condensed from the December 31 balance sheets of a company: Current Year Preceding Year Assets: Current Assets Fixed Assets (net) Total Assets $825,500 1.473,600 $674,300 1275,300 $2,299,100 $1,949,600 Liabilities Current Liabilities Long-term Liabilities $313,500 703.000 $1,016,500 S309,600 545,000 $854,600 Total Liabilities Stockholders' Equity: $1.282.600 $1.095.000 Total Liabilities and Stockholder's Equity $2,299,100 $1,949,600 Determine the ratio of fixed assets to long-term liabilities for the current year and the preceding year Determine the ratio of liabilities to stockholders' equity for the current year and the preceding year. . Comment on the year-to-year changes for both ratios