The following information was taken from Einar Companys balance sheet: Fixed assets (net) ........$1,800,000 Long-term liabilities .........

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The following information was taken from Einar Company’s balance sheet:

Fixed assets (net) ........$1,800,000

Long-term liabilities ......... 600,000

Total liabilities ......... 900,000

Total stockholders’ equity ...... 750,000

Determine the company’s

(a) Ratio of fixed assets to long-term liabilities.

(b) Ratio of liabilities to stockholders’ equity.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 09:18 AM

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The following information was taken from Einar Companys balance sheet: Fixed assets (net) ........$1,800,000 Long-term liabilities .........

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Corporate Financial Accounting

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