The following information was taken from Acme Company's balance sheet:
|
Fixed assets (net)
|
$1,400,000
|
|
Long-term liabilities
|
400,000
|
|
Total liabilities
|
560,000
|
|
Total stockholders' equity
|
1,400,000
|
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to total stockholders' equity.