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Determine ratio of fixed assets to long-term liabilities

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Reference no: EM133132450

Question - Long-Term Solvency Analysis - The following information was taken from Acme Company's balance sheet:

Fixed assets (net) $810,000

Long-term liabilities 405,000

Total liabilities 1,842,750

Total stockholders' equity 1,417,500

Required - Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

Reference no: EM133132450

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