The following information was taken from Wheat Companys balance sheet: Fixed assets (net) ......$836,000 Long-term liabilities ......380,000
Question:
Fixed assets (net) ......$836,000
Long-term liabilities ......380,000
Total liabilities .........550,000
Total stockholders’ equity ...500,000
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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a Ratio of Fixed Assets to LongTerm Liabilities Fixed Assets LongTerm Liabilitie...View the full answer
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