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Year 2 Year 1 Assets: Current assets Fixed assets (net) Total assets Liabilities: Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total liabilities and stockholders'
Year 2 Year 1 Assets: Current assets Fixed assets (net) Total assets Liabilities: Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total liabilities and stockholders' equity $ 825,500 1,473,600 $2,299,100 $ 674,300 1,275,300 $1,949,600 $313,500 703,000 $1,016,500 $1,282,600 $2,299,100 $309,600 545,000 $854,600 $1,095,000 $1,949,600 Round your answers to two decimal places. a. Determine the ratio of fixed assets to long-term liabilities for each year. Year 2: Year 1: b. Determine the ratio of liabilities to stockholders' equity for each year. Year 2: Year 1
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