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Please, review and correct (2nd time posting it here) Six Measures of Solvency or Profitability The following data were taken from the financial statements of

Please, review and correct (2nd time posting it here)

Six Measures of Solvency or Profitability

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

Property, plant, and equipment (net) $1,390,800
Liabilities:
Current liabilities $147,000
Mortgage note payable, 8%, issued 2003, due 2019 732,000
Total liabilities $879,000
Stockholders' equity:
Preferred $4 stock, $100 par (no change during year) $659,250
Common stock, $10 par (no change during year) 659,250
Retained earnings:
Balance, beginning of year $704,000
Net income 336,000 $1,040,000
Preferred dividends $26,370
Common dividends 134,630 161,000
Balance, end of year 879,000
Total stockholders' equity $2,197,500
Net sales $9,647,550
Interest expense $58,560

Assuming that long-term investments totaled $1,538,000 throughout the year and that total assets were $2,923,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.

image text in transcribed

a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Ratio of net sales to assets d. Rate earned on total assets e. Rate earned on stockholders' equity f. Rate earned on common stockholders' equity 0.4 6.6 10.0 15.3 51.0

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