Chapter 17 Assignment Property, plant, and equipment (net) Liabilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $644,400644,400 Common stock, \$10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends $688,000 Common dividends Balance, end of year Total stockholders' equity Sales Interest expense Assuming that total assets were $3,061,000 at the beginning of the current fiscal year, determine the following. When requil 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 % f. Return on common stockholders' equity % Check My Work