Long-Term Solvency Analysis The following information was taken from Charu Company's balance sheet: Fixed assets (net)...
Long-Term Solvency Analysis
The following information was taken from Charu Company's balance sheet:
| Fixed assets (net) | $910,000 |
| Long-term liabilities | 260,000 |
| Total liabilities | 800,000 |
| 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.
| a. Ratio of fixed assets to long-term liabilities | |
| b. Ratio of liabilities to stockholders' equity |
Homework Answers
Ratio of fixed assets to long term liabilities
= Fixed assets/Long term liabilities = 910,000/260,000
= 3.5
Ratio of liabilities to stockholders equity
= Total Liabilities/Total stockholders equity = 800,000/320,000
= 2.5
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