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Problem - The following information was taken from Kellman Company's balance sheet:
Fixed assets (net) $960,000
Long-term liabilities 800,000
Total liabilities 1,000,000
Total stockholders' equity 625,000
Determine the company's (a) ratio of fixed assets to long-term liabilities. Round to one decimal place.
Determine the company's (b) ratio of liabilities to stockholders' equity. Round to one decimal place.
ACC 202 - perform periodic assessments to determine the efficiency of operations. Whether you are an owner, a manager, or a front- line employee
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