The following information was taken from Slater Company's balance sheet: Fixed assets (net) $1,718,248 Long-term liabilities 402,400 Total liabilities 1,152,480 Total stockholders' equity 2,401,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. fill in the blank 1 b. Determine the company's ratio of liabilities to stockholders' equity. fill in the blank 2
The following information was taken from Slater Company's balance sheet: Fixed assets (net) $1,718,248 Long-term liabilities 402,400 Total liabilities 1,152,480 Total stockholders' equity 2,401,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. fill in the blank 1 b. Determine the company's 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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The following information was taken from Slater Company's balance sheet:
| Fixed assets (net) | $1,718,248 |
| Long-term liabilities | 402,400 |
| Total liabilities | 1,152,480 |
| Total |
2,401,000 |
Round your answers to two decimal places.
a. Determine the company's ratio of fixed assets to long-term liabilities.
fill in the blank 1
b. Determine the company's ratio of liabilities to stockholders' equity.
fill in the blank 2
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