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The following data were taken from Alvarado Companys balance sheet: Line Item Description Dec. 31, 20Y4 Dec. 31, 20Y3 Total liabilities $4,275,000 $2,880,000 Total stockholders
The following data were taken from Alvarado Companys balance sheet: Line Item Description Dec. 31, 20Y4 Dec. 31, 20Y3 Total liabilities $4,275,000 $2,880,000 Total stockholders equity 4,500,000 3,600,000 a. Compute the ratio of liabilities to stockholders equity for each year. Round your answers to 2 decimal places. Dec. 31, 20Y4 fill in the blank 1 of 2 14.8 Dec. 31, 20Y3 fill in the blank 2 of 2
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