Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities 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 $373,860 $786,080 Current liabilities 282,570 914,386 Long-term debt 461,094 707,472 Other long-term liabilities 162,006 275,128 Stockholders' equity 201,260 387,140 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 Madrid Accounting numeric field uses more website has slightly stronger creditor protection and borrowing capacity. Foodback a. Divide total liabilities by total stockholders' equity. Total liabilities includes current abilities, long-term debt and other long term labies b. Divide net property, plant and equipment by long-term liabilities c. Consider the relationship of the accounts involved. Learning Objective 4