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The following information was taken from Combine Company's balance sheet: Fixed assets (net) $1, 033, 900 Long-term liabilities 211,000 Total liabilities 1, 403, 150 Total
The following information was taken from Combine Company's balance sheet: Fixed assets (net) $1, 033, 900 Long-term liabilities 211,000 Total liabilities 1, 403, 150 Total stockholders' equity 738, 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 b. Ratio of liabilities to stockholders' equity
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