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The following information was taken from Combine Company's balance sheet: Fixed assets (net) $725,900 Long-term liabilities 427,000 Total liabilities 2,690,100 Total stockholders' equity 1,494,500 Determine
The following information was taken from Combine Company's balance sheet: Fixed assets (net) $725,900 Long-term liabilities 427,000 Total liabilities 2,690,100 Total stockholders' equity 1,494,500 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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