Essay
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.
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(b) (c)In the second year, the mar...View Answer
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Correct Answer:
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(b) (c)In the second year, the mar...View Answer
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