Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) $1,873,700 Long-term liabilities 457,000 Total liabilities 319,900 Total stockholders' equity 1,599,500 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 on B, you have to Divide total liabilities by total stockholders' equity. (two Experts have already gotten both my questions wrong.)
Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) $1,873,700 Long-term liabilities 457,000 Total liabilities 319,900 Total stockholders' equity 1,599,500 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 on B, you have to Divide total liabilities by total stockholders' equity. (two Experts have already gotten both my questions wrong.)
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 4E
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Long-Term Solvency Analysis
The following information was taken from Celebrate Company's
Fixed assets (net) | $1,873,700 |
Long-term liabilities | 457,000 |
Total liabilities | 319,900 |
Total |
1,599,500 |
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 |
on B, you have to Divide total liabilities by total stockholders' equity. (two Experts have already gotten both my questions wrong.)
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