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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,

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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 $493,640 $566,910 Current liabilities 183,142 462,092 Long-term debt 521,848 453,528 Other long-term liabilities 183,352 176,372 Stockholders' equity 227,780 248,180 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 uses more debt, it has creditor protection and borrowing capacity c. Although

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