The following information was taken from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities $2,769,970 565,300 791,010 Total stockholders' equity 1,683,000 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 Dayton Corporation began the current year with a retained earnings balance of $19,408. During the year, the company corrected an error made in the prior year, which was a failure to record depreciation expense of $2,422 on a piece of equipment. Also, during the current year, the company earned net income of $13,279 and declared cash dividends of $4,243. Compute the year-end retained earnings balance. a. $19,408 b. $39,352) c. $28,444 d. $26,022