1.

The following information was taken from Slater Company's balance sheet:

Fixed assets (net)	$2,993,664
Long-term liabilities	584,700
Total liabilities	684,950
Total stockholders' equity	1,957,000

Round your answers to two decimal places.

a. Determine the company's ratio of fixed assets to long-term liabilities.

b. Determine the company's ratio of liabilities to stockholders' equity.

2.

A company reports the following:

	Sales	$6,961,140
	Average total assets (excluding long-term investments)	1,289,100

Determine the asset turnover ratio. Round your answer to one decimal place.

3.

A company reports the following income statement and balance sheet information for the current year:

Net income	$176,200
Interest expense	15,322
Average total assets	2,227,000

Determine the return on total assets. Round the percentage to one decimal place. %