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Alpha Company provided the following balance sheet for Year 2: ...

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Accounting

Alpha Company provided the following balance sheet for Year 2:

Assets
Cash $5,000
Accounts receivable 7,150
Inventory 10,850
Prepaid expenses 1,900
Plant and equipment, net of depreciation 30,800
Land 23,500
Total assets $79,200
Liabilities and Stockholders' Equity
Accounts payable $3,200
Salaries payable 6,800
Bonds payable (due in ten years) 13,500
Common stock, no par 17,500
Retained earnings 38,200
Total liabilities and stockholders' equity $79,200

What is the company's plant assets to long-term liabilities ratio?

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