The following information was taken from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities $1,978,755...

Transcribed Image Text:

The following information was taken from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities $1,978,755 503,500 Total liabilities 839,160 Total stockholders' equity 2,331,000 Determine the company's (a) ratio of fixed assets to long-term liabilities, and (b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity The following information was taken from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities $1,978,755 503,500 Total liabilities 839,160 Total stockholders' equity 2,331,000 Determine the company's (a) ratio of fixed assets to long-term liabilities, and (b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity

Answer rating: 100% (QA)

The detailed answer for the above question i... View the full answer