2.

Module 7 Problem Set Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $558,900 207,000 Long-term liabilities Total liabilities 1,231,650 Total stockholders' equity 724,500 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity