The following information was taken from Sigmund Company's balance sheet: Fixed assets (net)....................$1,050,000 Long-term liabilities.....................750,000 Total liabilities...........................850,000
Question:
Fixed assets (net)....................$1,050,000
Long-term liabilities.....................750,000
Total liabilities...........................850,000
Total stockholders' equity............500,000
Determine the company's
(a) Ratio of fixed assets to long-term liabilities
(b) Ratio of liabilities to stockholders' equity. Round to one decimal place.
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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