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Six Measures of Solvency or Profitability

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

Property, plant, and equipment $($net$)$ $$1,529,500$

Liabilities:

Current liabilities $$161,000$

Note payable, $6\%,$ due in $15$ years $805,000$

Total liabilities $$966,000$

Stockholders' equity:

Preferred $$4$ stock, $$100$ par $($no change during year$)$ $$1,449,000$

Common stock, $$10$ par $($no change during year$)1,449,000$

Retained earnings:

Balance, beginning of year $$1,546,000$

Net income $479,000$ $$2,025,000$

Preferred dividends $$57,960$

Common dividends $35,04093,000$

Balance, end of year $1,932,000$

Total stockholders' equity $$4,830,000$

Sales $$25,429,500$

Interest expense $$48,300$

Assuming that total assets were $$5,506,000$ at the beginning of the current fiscal year, determine the following: When required, round to one decimal place.

a$.$ Ratio of fixed assets to long$-$term liabilities fill in the blank $1$

b$.$ Ratio of liabilities to stockholders' equity fill in the blank $2$

c$.$ Asset turnover fill in the blank $3$

d$.$ Return on total assets fill in the blank $4$

$\%$

e$.$ Return on stockholders$$ equity fill in the blank $5$

$\%$

f$.$ Return on common stockholders' equity fill in the blank $6$

$\%$

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