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The following information was taken from Acme Company's balance sheet: Fixed assets (net) $815,500 Long-term liabilities 233,000 Total liabilities 244,650 Total stockholders' equity 815,500 Determine
The following information was taken from Acme Company's balance sheet:
Fixed assets (net) | $815,500 |
Long-term liabilities | 233,000 |
Total liabilities | 244,650 |
Total stockholders' equity | 815,500 |
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.
a. Ratio of fixed assets to long-term liabilities | fill in the blank 1 |
b. Ratio of liabilities to stockholders' equity | fill in the blank 2 |
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