Question

Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net)...

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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