The following information was taken from Charu Company's balance sheet: Fixed assets (net)..................$860,000 Long-term liabilities.................200,000 Total liabilities........................600,000
Question:
Fixed assets (net)..................$860,000
Long-term liabilities.................200,000
Total liabilities........................600,000
Total stockholders' equity..........250,000
Determine the company's
(a) Ratio of fixed assets to long-term liabilities and
(b) Ratio of liabilities to stockholders' equity.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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