Calculator Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year Property, plant, and equipment (net) $1,120,300 Liabilities: Current liabilities $133,000 Note payable, 696, due in 15 years 659,000 Total liabilities $792,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $594,000 Common stock, $10 par (no change during year) 594,000 Retained earnings $634,000 Balance, beginning of year 270,000 $904,000 Net income $23,760 Preferred dividends 88,240 112,000 Common dividends 792,000 Balance, end of year $1,980,000 Total stockholders' equity $14,323,250 Sales 539,540 Interest expense Calculator Common stock, $10 par (no change during year) 594,000 Retained earnings: Balance, beginning of year $634,000 Net income 270,000 $904,000 Preferred dividends $23,760 Common dividends 88,240112,000 Balance, end of year 792,000 Total stockholders' equity $1,980,000 Sales $14,323,250 Interest expense $39,540 Assuming that total assets were $2,633,000 at the beginning of the current fiscal year, determine the following. When require place. a. Ratio of fixed assets to long-term liabilities 1.7 b. Ratio of liabilities to stockholders' equity 0.4 c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Refurn on common stockholders' equity