Question: Module 7 Problem Set eBook Show Me How Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $902,000

 Module 7 Problem Set eBook Show Me How Long-Term Solvency Analysis

Module 7 Problem Set eBook Show Me How Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $902,000 Long-term liabilities 451,000 Total liabilities 1,736,350 Total stockholders' equity 1,578,500 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

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