Question
The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,737,408 Long-term liabilities $503,200 Total liabilities $657,360 Total stockholders' equity $1,826,000 Round
The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,737,408 Long-term liabilities $503,200 Total liabilities $657,360 Total stockholders' equity $1,826,000 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.
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
18th Edition
0077486277, 978-0077486273
