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The following information was taken from Station Company's balance sheet: Fixed assets (net) $1,528,000 Long-term liabilities 382,000 Total liabilities 2,540,300 Total stockholders' equity 1,337,000 Determine
The following information was taken from Station Company's balance sheet:
Fixed assets (net) | $1,528,000 |
Long-term liabilities | 382,000 |
Total liabilities | 2,540,300 |
Total stockholders' equity | 1,337,000 |
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, 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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