The following information was taken from Slater Company's balance sheet: $$\begin{array} { | l | l | }
\hline \text { Fixed assets net) } & \$ 1,250,000 \
\hline \text { Long-term liabilities } & 500,000 \
\hline \text { Total liabilities } & 572,000 \
\hline \text { Total stockhol ders' equity } & 1,680,000 \
\hline
\end{array}$$ Determine the company's a) ratio of fixed assets to long-term liabilities, and b) ratio of liabilities to stockholders' equity. Round your answer to one decimal place.

Question

The following information was taken from Slater Company's balance sheet: $$\begin{array} { | l | l | } 
\hline \text { Fixed assets net) } & \$ 1,250,000 \
\hline \text { Long-term liabilities } & 500,000 \
\hline \text { Total liabilities } & 572,000 \
\hline \text { Total stockhol ders' equity } & 1,680,000 \
\hline
\end{array}$$ Determine the company's a) ratio of fixed assets to long-term liabilities, and b) ratio of liabilities to stockholders' equity. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of The following information was taken from Slater Company's balance sheet: $$\begin{array} { | l | l | } 
\hline \text { Fixed assets net) } & \$ 1,250,000 \
\hline \text { Long-term liabilities } & 500,000 \
\hline \text { Total liabilities } & 572,000 \
\hline \text { Total stockhol ders' equity } & 1,680,000 \
\hline
\end{array}$$ Determine the company's a) ratio of fixed assets to long-term liabilities, and b) ratio of liabilities to stockholders' equity. Round your answer to one decimal place.

The Following Information Was Taken from Slater Company's Balance Sheet