Question

The following information was taken from Einar Company’s balance sheet:
Fixed assets (net) ........ $1,800,000
Long-term liabilities ......... 600,000
Total liabilities ......... 900,000
Total stockholders’ equity ...... 750,000
Determine the company’s
(a) Ratio of fixed assets to long-term liabilities.
(b) Ratio of liabilities to stockholders’ equity.



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  • CreatedFebruary 28, 2014
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