The following information was taken from Slater Company's balance sheet:
Fixed assets (net) $2,219,724
Long-term liabilities $474,300
Total liabilities $618,090
Total stockholders' equity $1,873,000
Round your answers to two decimal places.
a. Determine the company's ratio of fixed assets to long-term liabilities.
{C}
b. Determine the company's ratio of liabilities to stockholders' equity.