Business
Business, 09.12.2021 19:30, djkk1367

Given the following information, what is the ratio of fixed assets to long-term liabilities? Fixed assets (net) at year-end $400,000
Average fixed assets 450,000
Total assets 500,000
Long-term liabilities 300,000
Total liabilities 350,000
Total stockholders' equity 250,000
Total liabilities and stockholders' equity 500,000
Interest expense 5,000
Income before income tax 150,000
Net income 100,000

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Given the following information, what is the ratio of fixed assets to long-term liabilities? Fixed...

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