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.
Definitions:
Opportunity Cost
The sacrifice of potential gains from other possibilities when a specific alternative is opted for.
Absolute Advantage
A condition in which a country, individual, or firm can produce a good or service at a lower cost per unit than competitors.
Specialization
Focusing on a narrow area of expertise or production, often leading to increased efficiency and productivity in that area.
Current Assets
Assets on a company's balance sheet that are expected to be converted into cash, sold, or consumed within a year or the business's operating cycle, whichever is longer.
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