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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.
Assumptions
Beliefs or ideas taken for granted without proof, often forming the basis for decision-making and reasoning.
Neutral Buffer
An unbiased or impartial intermediary area or substance that mitigates the effects of extremes or facilitates the resolution of conflicts.
Direct Format
A communication style that is straightforward and clear, minimizing misunderstanding by stating information explicitly.
Delivering Bad News
The process of communicating unfavorable or disappointing information to someone in a sensitive and thoughtful manner.
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