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Property, plant, and equipment (net) $1,587,600 Liabilities: Current liabilities $150,000 Note payable, 6%, due in 15 years 756,000 Total liabilities $906,000 Stockholders' equity: $1,359,000 Preferred
Property, plant, and equipment (net) $1,587,600 Liabilities: Current liabilities $150,000 Note payable, 6%, due in 15 years 756,000 Total liabilities $906,000 Stockholders' equity: $1,359,000 Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) 1,359,000 Retained earnings: Balance, beginning of year $1,450,000 Net income 513,000 $1,963,000 Preferred dividends $27,180 Common dividends 123,820 151,000 Balance, end of year 1,812,000 Total stockholders' equity $4,530,000 Sales $33,920,000 Interest expense $45,360 Assuming that total assets were $5,164,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. Assuming that total assets were $5,164,000 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 2.1 b. Ratio of liabilities to stockholders' equity 0.2 c. Asset turnover 6.4 d. Return on total assets 10.5 % e. Return on stockholders' equity 11.3 | X % f. Return on common stockholders' equity 61.7 X %
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