Companys ratio of liabilities to stockholders equity

Assignment Help Financial Accounting

Reference no: EM13750288

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

Fixed assets (net) $2,219,724

Long-term liabilities $474,300

Total liabilities $618,090

Total stockholders' equity $1,873,000

Round your answers to two decimal places.

a. Determine the company's ratio of fixed assets to long-term liabilities.

{C}

b. Determine the company's ratio of liabilities to stockholders' equity.

Reference no: EM13750288

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