Long-Term Solvency Analysis
The following information was taken from Station Company's balance sheet:
Fixed assets (net) | $754,200 |
Long-term liabilities | 419,000 |
Total liabilities | 2,786,350 |
Total stockholders' equity | 1,466,500 |
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 |
fill in the blank 2 |
The following items are reported on a company's balance sheet:
Cash | $440,000 |
Marketable securities | 343,800 |
Accounts receivable (net) | 216,200 |
Inventory | 375,000 |
Accounts payable | 625,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
a. Current ratio | fill in the blank 1 |
b. Quick ratio | fill in the blank 2 |
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