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HELP PLS ACCOUNTING The following data were taken from the financial statements of Gates Inc. for the current fiscal year Property, plant, and equipment (net)

HELP PLS ACCOUNTING

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The following data were taken from the financial statements of Gates Inc. for the current fiscal year Property, plant, and equipment (net) Liabilities $1,167,000 Current liabilities Note payable, 696, due in 15 years Total liabilities $155,000 778,000 $933,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $933,000 Common stock, $10 par (no change during year) 933,000 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year $996,000 328,000 $1,324,000 $37,320 42,680 80,000 1,244,000 $3,110,000 17,739,000 $46,680 Total stockholders' equity Sales Interest expense Assuming that total assets were $3,841,000 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 Preferred $4 stock, $100 par (no change during year) $933,000 Common stock, $10 par (no change during year) 933,000 Retained earnings Balance, beginning of year $996,000 Net income 328,000 $1,324,000 Preferred dividends $37,320 42,680 80,000 Common dividends 1,244,000 $3,110,000 $17,739,000 $46,680 Balance, end of year Total stockholders' equity Sales Interest expense Assuming that total assets were $3,841,000 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 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

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