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Question
The following information was taken from Slater Companys balance sheet:
Fixed assets (net) $1,250,000
Long-term liabilities 500,000
Total liabilities 672,000
Total stockholders equity 1,680,000
Determine the companys (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders equity. (Round answers to one decimal place.)
Answer
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