The following information was taken from Jacobus Company’s balance sheet: Fixed assets (net) $1,702,800 Long-term liabilities 396,000 Total liabilities 2,356,200 Total stockholders' equity 1,386,000 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 fill in the blank 2
The following information was taken from Jacobus Company’s balance sheet: Fixed assets (net) $1,702,800 Long-term liabilities 396,000 Total liabilities 2,356,200 Total stockholders' equity 1,386,000 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 fill in the blank 2
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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Solvency Analysis
The following information was taken from Jacobus Company’s balance sheet:
| Fixed assets (net) | $1,702,800 |
| Long-term liabilities | 396,000 |
| Total liabilities | 2,356,200 |
| Total |
1,386,000 |
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 | fill in the blank 2 |
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