The following information was taken from Charu Company's balance sheet: Line Item Description Amount Fixed assets (net) $1,176,000 Long-term liabilities 280,000 Total liabilities 960,000 Total stockholders’ equity 320,000 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. Line Item Description Ratio a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity

The following information was taken from Charu Company's balance sheet: Line Item Description Amount Fixed assets (net) $1,176,000 Long-term liabilities 280,000 Total liabilities 960,000 Total stockholders’ equity 320,000 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. Line Item Description Ratio 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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Line Item Description	Amount
Fixed assets (net)	$1,176,000
Long-term liabilities	280,000
Total liabilities	960,000
Total stockholders’ equity	320,000

Line Item Description	Ratio
a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity

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