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The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) $506,000 Long-term liabilities 230,000 Total liabilities 483,000 Total stockholders' equity 805,000 Determine

The following information was taken from Celebrate Company's balance sheet:

Fixed assets (net) $506,000
Long-term liabilities 230,000
Total liabilities 483,000
Total stockholders' equity 805,000

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

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