The following information was taken from Slater Company's balance sheet: Fixed assets (net) $1,706,568 Long-term liabilities 404,400 Total liabilities 763,420 Total stockholders' equity 2,009,000 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 two decimal places. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity
The following information was taken from Slater Company's balance sheet: Fixed assets (net) $1,706,568 Long-term liabilities 404,400 Total liabilities 763,420 Total stockholders' equity 2,009,000 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 two decimal places. 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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The following information was taken from Slater Company's balance sheet:
Fixed assets (net) $1,706,568
Long-term liabilities 404,400
Total liabilities 763,420
Total
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 two decimal places.
a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity
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