The following information was taken from Celebrate Company's balance sheet: Fixed assets...
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Accounting
The following information was taken from Celebrate Company's balance sheet:
| Fixed assets (net) | $506,000 |
| Long-term liabilities | 230,000 |
| Total liabilities | 483,000 |
| Total stockholders' equity | 805,000 |
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 |
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