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Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no

image text in transcribedimage text in transcribed Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets. Property, plant, and equipment (net) Liabilities: $1,462,500 Current liabilities $195,000 Mortgage note payable, 10%, ten-year note issued two years ago 975,000 $1,170,000 Total liabilities Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales Interest expense Beginning-of-the-year amounts: Property, plant, and equipment (net) Total assets $748,000 323,000 $1,071,000 $702,000 702,000 $14,040 120,960 135,000 936,000 $2,340,000 $10,672,000 $80,855 $ 1,755,000 3,335,000 748,000 Retained earnings Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places. a. Debt ratio b. Ratio of fixed assets to long-term liabilities 33.33 % 1.5 C. Ratio of liabilities to stockholders' equity 0.5 d. Asset turnover 6.40 X e. Return on total assets % f. Return on stockholders' equity 38.36 X % g. Return on common stockholders' equity 26.41 X %

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