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Solvency analysis The following information was taken from Wheat Company's balance sheet: Fixed assets (net) $836,000 Long-term liabilities 380,000 Total liabilities 550,000 Total stockholders' equity
Solvency analysis
The following information was taken from Wheat Company's balance sheet:
| Fixed assets (net) | $836,000 |
| Long-term liabilities | 380,000 |
| Total liabilities | 550,000 |
| Total stockholders' equity | 500,000 |
Determine the (b) ratio of liabilities to stockholders' equity.
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Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
