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please help Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.
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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. $1,677,700 Property, plant, and equipment (net) Liabilities: Current liabilities AHHH $176,000 Note payable, 6%, due in 15 years 883,000 Total liabilities $1,059,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) $1,588,500 1,588,500 Retained earnings: $1,694,000 Balance, beginning of year Net income 629,000 $2,323,000 Preferred dividends $31,770 Common dividends 173,230 205,000 Balance, end of year 2,118,000 $5,295,000 Total stockholders' equity Sales $37,170,000 HE Interest expense $52,980 Assuming that total assets were $6,036,000 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 10% f. Return on common stockholders' equityStep by Step Solution
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