The following information was taken from Jacobus Companys balance sheet: Fixed assets (net) ................... $630,000 Long-term liabilities

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The following information was taken from Jacobus Company’s balance sheet:

Fixed assets (net) ................... $630,000
Long-term liabilities ................. 140,000
Total liabilities .......................... 957,000

Total stockholders’ equity ....... 290,000


Determine the company’s 

(a) Ratio of fixed assets to long-term liabilities and 

(b) Ratio of liabilities to stockholders’ equity. Round to one decimal place.

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Related Book For  answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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