The following information was taken from Slater Company's balance sheet: $$\begin{array} { l r }
\text { Fixed assets (net) } & \$ 1,250,000 \
\text { Long-term liabilities } & 500,000 \
\text { Total liabilities } & 672,000 \
\text { Total stockholders' equity } & 1,680,000
\end{array}$$ Determine the company's
(a) ratio of fixed assets to long-term liabilities and
(b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place.

Question

The following information was taken from Slater Company's balance sheet:​ $$\begin{array} { l r } 
\text { Fixed assets (net) } & \$ 1,250,000 \
\text { Long-term liabilities } & 500,000 \
\text { Total liabilities } & 672,000 \
\text { Total stockholders' equity } & 1,680,000
\end{array}$$ Determine the company's 
(a) ratio of fixed assets to long-term liabilities and 
(b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place.

Quizplus · Accepted Answer

The Answer of The following information was taken from Slater Company's balance sheet:​ $$\begin{array} { l r } 
\text { Fixed assets (net) } & \$ 1,250,000 \
\text { Long-term liabilities } & 500,000 \
\text { Total liabilities } & 672,000 \
\text { Total stockholders' equity } & 1,680,000
\end{array}$$ Determine the company's 
(a) ratio of fixed assets to long-term liabilities and 
(b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place.

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

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