Determine the company ratio of fixed assets to long-term

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Problem - The following information was taken from Charu Company's balance sheet:

Fixed assets (net) $910,000

Long-term liabilities 260,000

Total liabilities 800,000

Total stockholders' equity 320,000

Required -

(a) Determine the company ratio of fixed assets to long-term liabilities and Round to one decimal place.

(b) Determine the company ratio of liabilities to stockholders' equity. Round to one decimal place.

Reference no: EM132719495

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