The following data were taken from the financial statements of Gates Inc. for the current fiscal year.

Assuming that total assets were $6,000,000 at the beginning of the current fiscal year, determine the following: 

(a) Ratio of fixed assets to long-term liabilities, 

(b) Ratio of liabilities to stockholders’ equity, 

(c) Asset turnover, 

(d) Return on total assets, 

(e) Return on stockholders’ equity, and 

(f) Return on common stockholders’ equity. Round ratios and percentages to one decimal place as appropriate.

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Property, plant, and equipment (net). $ 3,040,000 Liabilities: Current labilities... Note payable, 6%, due in 15 years. Total liabilities.... Stockholders'equity: Preferred $10 stock, $100 par (no change during year).... Common stock, S10 par (no change during year).... $1,200,000 1,600,000 $ 2,800,000 $ 800,000 1,600,000 Retained earnings: Balance, beginning of year. $1,072,000 Net income.... . 928,000 $2,000,000 **.. Preferred dividends .. $ 80,000 Common dividends.. Balance, end of year..... Total stockholders' equity Sales ... 320,000 400,000 1,600,000 ..... $ 4,000.000 $17,920,000 ... ......... Interest expense $ 96,000