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The following information was taken from Slater Company's balance sheet Fixed assets (net) Long-term liabilities Total liabilities $1,400,000 $860,000 $1,020,000 Total stockholders' equity $2,100,000
The following information was taken from Slater Company's balance sheet Fixed assets (net) Long-term liabilities Total liabilities $1,400,000 $860,000 $1,020,000 Total stockholders' equity $2,100,000 Determine the company's (a) Ratio of fixed assets to long-term liabilities, and (b) ratio of liabilities to stockholders' equity? Round your answer to one digit after the decimal place.
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