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The following information was taken from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $2,054,832 462,800 882,640 2,006,000 Determine
The following information was taken from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $2,054,832 462,800 882,640 2,006,000 Determine the company's (a) ratio of fixed assets to long-term liabilities, and (b) ratio of liabilities to stockholders' equity. 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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