The following information was taken from Combine Company's balance sheet: Fixed assets (net)$1,272,600 Long-term liabilities303,000 Total liabilities848,400
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Question:
The following information was taken from Combine Company's balance sheet:
- Fixed assets (net)$1,272,600
- Long-term liabilities303,000
- Total liabilities848,400
- Total stockholders' equity1,060,500
- 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.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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