2. The following information was taken from Combine Company's balance sheet: Fixed assets (net) $330,400 Long-term liabilities 236,000 Total liabilities 1,156,400 Total stockholders' equity 826,000 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 b. Ratio of liabilities to stockholders' equity
2. The following information was taken from Combine Company's balance sheet: Fixed assets (net) $330,400 Long-term liabilities 236,000 Total liabilities 1,156,400 Total stockholders' equity 826,000 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 b. Ratio of liabilities to stockholders' equity
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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2. The following information was taken from Combine Company's balance sheet:
| Fixed assets (net) | $330,400 |
| Long-term liabilities | 236,000 |
| Total liabilities | 1,156,400 |
| Total |
826,000 |
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 | |
| b. Ratio of liabilities to stockholders' equity |
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