m/ilm/takeAssignment/takeAssignmentMain.do?inprogress-true Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,286,000 Property, plant, and equipment (net) Liabilities: Current liabilities $128,000 Note payable, 6 %, due in 15 years 643,000 Total liabilities $771,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $462,600 Common stock, $10 par (no change during year) 462.600 Retained earnings: Balance, beginning of year $494,000 Net income 191,000 $605,000 Preferred dividends $18,504 Common dividends 49,696 68,200 Balance, end of year 616.800 Total stockholders' equity $1,542,000 Sales $12,853,500 Interest expense $38,580 Previous Next V.LUM/i/takeAssignment/takeAssIgnmentMain.doinprogress true $462,600 Preferred $4 stock, $100 par (no change during year) 462.600 Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year $494,000 191.000 Net income $685.000 Preferred dividends $18,504 49,696 Common dividends 68,200 Balance, end of year 616,800 Total stockholders' equity $1,542,000 Sales $12,853,500 Interest expense $38,580 Assuming that total assets were $2,197,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. a. Ratio of fxed 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