The following information was taken from Straub Companys balance sheet: Fixed assets (net) ..... $700,000 Long-term liabilities
Question:
Fixed assets (net) ..... $700,000
Long-term liabilities ... 218,750
Total liabilities ...... 235,000
Total stockholders’ equity . 940,000
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: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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