The following information was taken from Tyson Companys balance sheet: Fixed assets (net) ........................................................................$ 774,000 Long-term liabilities

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

Fixed assets (net) ........................................................................$ 774,000
Long-term liabilities .......................................................................430,000
Total liabilities ..............................................................................1,218,000
Total stockholders’ equity .............................................................580,000
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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Financial Accounting

ISBN: 9781337913102

16th Edition

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

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