The following information was taken from Celebrate Company's balance sheet: Fixed assets...
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Accounting
The following information was taken from Celebrate Company's balance sheet:
Fixed assets (net)
$506,000
Long-term liabilities
230,000
Total liabilities
483,000
Total stockholders' equity
805,000
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
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