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The following information was taken from Station Company's balance sheet: Fixed assets (net) $1,040,600 Long-term liabilities 242,000 Total liabilities 423,500 Total stockholders' equity 847,000 Determine
The following information was taken from Station Company's balance sheet:
Fixed assets (net) | $1,040,600 |
Long-term liabilities | 242,000 |
Total liabilities | 423,500 |
Total stockholders' equity | 847,000 |
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.
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