Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: ...
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Accounting
Long-Term Solvency Analysis
The following information was taken from Station Company's balance sheet:
Fixed assets (net)
$754,200
Long-term liabilities
419,000
Total liabilities
2,786,350
Total stockholders' equity
1,466,500
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.
a. Ratio of fixed assets to long-term liabilities
fill in the blank 1
b. Ratio of liabilities to stockholders' equity
fill in the blank 2
The following items are reported on a company's balance sheet:
Cash
$440,000
Marketable securities
343,800
Accounts receivable (net)
216,200
Inventory
375,000
Accounts payable
625,000
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
a. Current ratio
fill in the blank 1
b. Quick ratio
fill in the blank 2
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