The following information has been condensed from the December 31 balance sheets of Gabriel Co.:
(a) Determine the ratio of fixed assets to long-term liabilities for each year.
(b) Determine the ratio of liabilities to stockholders' equity for each year.
(c) Comment on the year-to-year changes for both ratios.
Round your answers to two decimal places.

Question

The following information has been condensed from the December 31 balance sheets of Gabriel Co.:  
(a) Determine the ratio of fixed assets to long-term liabilities for each year. 
(b) Determine the ratio of liabilities to stockholders' equity for each year. 
(c) Comment on the year-to-year changes for both ratios. 
Round your answers to two decimal places.

Quizplus · Accepted Answer

The Answer of The following information has been condensed from the December 31 balance sheets of Gabriel Co.:  
(a) Determine the ratio of fixed assets to long-term liabilities for each year. 
(b) Determine the ratio of liabilities to stockholders' equity for each year. 
(c) Comment on the year-to-year changes for both ratios. 
Round your answers to two decimal places.

The Following Information Has Been Condensed from the December 31