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:
Due Diligence
The comprehensive appraisal of a business or investment opportunity to assess its commercial potential and risks.
Venture Capitalist Group
A collective or organization that invests large sums of money in startups and small enterprises with high growth potential in exchange for equity stakes.
Management Team
The group of high-level executives who direct the strategy, operations, and policies of a company.
Allocating Equity
The process of distributing ownership shares in a company among its founders, investors, and employees.
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