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Determine the companys a ratio of fixed assets to long-term

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Reference no: EM13569045

The following information was taken from Acme Company's balance sheet:

Fixed assets (net)

$1,400,000

Long-term liabilities

400,000

Total liabilities

560,000

Total stockholders' equity

1,400,000

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to total stockholders' equity.

Reference no: EM13569045

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