The following information was taken from Wheat Company's balance sheet:
|
Fixed assets (net)
|
$836,000
|
|
Long-term liabilities
|
380,000
|
|
Total liabilities
|
550,000
|
|
Total stockholders' equity
|
500,000
|
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity.