Question
The following information was taken from Combine Company's balance sheet: Fixed assets (net)$1,272,600 Long-term liabilities303,000 Total liabilities848,400 Total stockholders' equity1,060,500 Determine the company's (a) ratio
The following information was taken from Combine Company's balance sheet:
- Fixed assets (net)$1,272,600
- Long-term liabilities303,000
- Total liabilities848,400
- Total stockholders' equity1,060,500
- 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.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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