The following information was taken from Kellman Company's balance sheet: Fixed assets (net) ................... $2,000,000 Long-term liabilities
Question:
Fixed assets (net) ................... $2,000,000
Long-term liabilities ................ 800,000
Total liabilities ....................... 1,000,000
Total stockholders' equity ........... 625,000
Determine the company's
(a) Ratio of fixed assets to long-term liabilities and
(b) Ratio of liabilities to stockholders' equity.
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Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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