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Question: Six Measures of Solvency or Profitability Could you please show out the calculations. Thanks The following data were taken from the financial statements of

Question: Six Measures of Solvency or Profitability

Could you please show out the calculations. Thanks

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

Property, plant, and equipment (net) $2,058,000
Liabilities:
Current liabilities $207,000
Note payable, 6%, due in 15 years 1,029,000
Total liabilities $1,236,000
Stockholders' equity:
Preferred $2 stock, $100 par (no change during year) $1,854,000
Common stock, $10 par (no change during year) 1,854,000
Retained earnings:
Balance, beginning of year $1,978,000
Net income 665,000 $2,643,000
Preferred dividends $37,080
Common dividends 133,920 171,000
Balance, end of year 2,472,000
Total stockholders' equity $6,180,000
Sales $47,721,300
Interest expense $61,740

Assuming that total assets were $7,045,000 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 %
f. Return on common stockholders' equity %

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