The following information was taken from Slater Company's balance sheet: Fixed...
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Accounting
The following information was taken from Slater Company's balance sheet:
Fixed assets (net)
$1,250,000
Long-term liabilities
500,000
Total liabilities
672,000
Total stockholders' equity
1,680,000
Determine the company's (a) ratio of fixed assets to long-term liabilities, and (b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place.
a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity
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