The following information was taken from Bombay Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $804889 256645 574726 259081 Determine the company's ratio of fixed assets to long-term liabilities. If required, round your answers to one decimal place.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
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14-C
The following information was taken from Bombay Company's balance sheet:
Fixed assets (net)
Long-term liabilities.
Total liabilities
Total stockholders' equity
$804889
Add your answer
256645
574726
259081
Determine the company's ratio of fixed assets to long-term liabilities. If required, round your
answers to one decimal place.
I
Transcribed Image Text:14-C The following information was taken from Bombay Company's balance sheet: Fixed assets (net) Long-term liabilities. Total liabilities Total stockholders' equity $804889 Add your answer 256645 574726 259081 Determine the company's ratio of fixed assets to long-term liabilities. If required, round your answers to one decimal place. I
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