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Measures of Solvency or Profitability The following data were Property, plant, and equipment (net) Liabilities: taken from the financial statements of Gates inc. for the

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Measures of Solvency or Profitability The following data were Property, plant, and equipment (net) Liabilities: taken from the financial statements of Gates inc. for the current fiscal vear 1.464.900 153,000 Current liabilities Note payable, 6%, due in 15 years Total liabilities 771,000 $924,000 Stockholders equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year $1,386,000 1.386,000 Retained earnings Balance, beginning of year 1 478,000 36.000$2,014,000 $27/720 381280166,000 Preferred dividends Common dividends Balance, end of year Total stockholders equity 1,848,000 4,620,000 17.137,750 46,250 Interest expense inwstments totaled $2,/722,0o9 throighout the year and that total assets were $5.267,000 at the begining of the currentfs a. Ratio of fixed assers to long-term bl b. Ratio of Sabilities to stockholdes equity d. Return on total assets e. Return on stockholders equity f. Return on commone stockholders equity

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