The following information was taken from Tyson Companys balance sheet: Fixed assets (net) .............. $1,050,000 Long-term liabilities

Question:

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

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 and 

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Accounting

ISBN: 9781337902687

28th Edition

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

Question Posted: