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The following information was taken from Station Company's balance sheet: Fixed assets (net) $1,862,400 Long-term liabilities 388,000 Total liabilities 679,000 Total stockholders' equity 1,358,000 Determine
The following information was taken from Station Company's balance sheet: Fixed assets (net) $1,862,400 Long-term liabilities 388,000 Total liabilities 679,000 Total stockholders' equity 1,358,000 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 fill in the blank 1 b. Ratio of liabilities to stockholders' equity fill in the blank 2
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