The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,926,978 Long-term liabilities...

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The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,926,978 Long-term liabilities 561,800 Total liabilities 816,000 Total stockholders' equity 1,700,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. b. Determine the company's ratio of liabilities to stockholders' equity. 4 The following information was taken from Slater Company's balance sheet: Fixed assets (net) $2,926,978 Long-term liabilities 561,800 Total liabilities 816,000 Total stockholders' equity 1,700,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. b. Determine the company's ratio of liabilities to stockholders' equity. 4

Answer rating: 100% (QA)

Solution a Ratioof Fixed Asset to LongTerm Liabilities Fixed As... View the full answer