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The following information was taken from Slater Company's balance sheet: Fixed assets (net) $1,250,000 Long-term liabilities 500,000 Total liabilities 672,000 Total stockholders' equity 1,680,000 Determine
The following information was taken from Slater Company's balance sheet:
Fixed assets (net) | $1,250,000 |
Long-term liabilities | 500,000 |
Total liabilities | 672,000 |
Total stockholders' equity | 1,680,000 |
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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