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
icon
Related questions
Question
100%

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.)

 



Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Personal Financial Statements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning