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Question - Long-Term Solvency Analysis - The following information was taken from Station Company's balance sheet:
Fixed assets (net) $588,000
Long-term liabilities 294,000
Total liabilities 1,029,000
Total stockholders' equity 1,029,000
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.
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