Determine the ratio of liabilities to stockholders equity

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

Fixed assets (net) $1,226,400

Long-term liabilities 438,000

Total liabilities 2,606,100

Total stockholders' equity 1,533,000

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

Reference no: EM133109865

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