Question
The following information was taken from DEMG's balance sheet: WORKING NUMBERS Fixed assets (net) $ 1,800,000 Long-term liabilities $ 600,000 Total liabilities $ 900,000 Total
| The following information was taken from DEMG's balance sheet: | |||
| WORKING NUMBERS | |||
| Fixed assets (net) | $ 1,800,000 | ||
| Long-term liabilities | $ 600,000 | ||
| Total liabilities | $ 900,000 | ||
| Total stockholder's equity | $ 750,000 | ||
| a | Determine the company's ratio of fixed assets to long-term liabilities |
| b | Determine the company's ratio of liabilities to stockholders' equity |
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Information Technology Auditing
Authors: Hall, J Scott Harr
3rd Edition
1133008046, 978-1439079119
