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Determine the company ratio of fixed assets

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

Fixed assets (net) $306,000

Long-term liabilities 204,000

Total liabilities 285,600

Total stockholders' equity 714,000

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

Reference no: EM133128255

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