(Answered) The following information was taken from grain companys

Accounting

The following information was taken from Grain Company's balance sheet:

Fixed assets (net) $600,000
Long-term liabilities 400,000
Total liabilities 600,000
Total stockholders' equity 400,000

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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