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The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,926,978 Long-term liabilities 561,800 Total liabilities 816,000 Total stockholders' equity 1,700,000
The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,926,978 Long-term liabilities 561,800 Total liabilities 816,000 Total stockholders' equity 1,700,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. b. Determine the company's ratio of liabilities to stockholders' equity. 4
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
