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  3. the following information was taken from slater co

The following information was taken from Slater Company's balance sheet: Fixed...

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Accounting

The following information was taken from Slater Company's 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 company's (a) ratio of fixed assets to long-term liabilities, and (b) ratio of liabilities to stockholders' equity. Round your answers to one decimal place.

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

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