Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Uabilities Recent balance sheet information for two companies in the food industry, Santa Fe Company and Madrid Company, is as follows (in thousands): Santa Fe Madrid Net property, plant, and equipment $371,700 $482,560 Current liabilities 421,020 703,930 Long-term debt 458,430 434,304 Other long-term liabilities 161,070 168,896 Stockholders' equity 200,100 237,660 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. Santa Fe Madrid b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to one decimal place. Santa Fe Madrid c. Although uses more debt, it has creditor protection and borrowing capacity. Check My Work Previous Next