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The following information was taken from Chaff Company’s balance sheet: Fixed assets (net)

Accounting

The following information was taken from Chaff Company’s balance sheet:
Fixed assets (net).............$1,000,000
Long-term liabilities........... 625,000
Total liabilities............. 840,000
Total stockholders’ equity......... 600,000
Determine the company’s
(a) Ratio of fixed assets to long-term liabilities and
(b) Ratio of liabilities to stockholders’ equity.

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