Six Mearuret of Solvency or Profiabaity The following data wern taken from the finandial statements of coveseth Ine, for the oarent fiscal yes fecelred, found ta and decimal viace. steist. Ending itid adocktioliserentes +2 Gia Mnatieeri of stivency or Prafiabity The fuliawng data were taken frem the financal statements of Loveseth lok. for the current fiscal year: required, round to ene decimal place. Arsuming echat total awets were 54,412,000 at the beginnisg of the curvent hecul year, determine the folloming When required, round to ene decinsal place. a. Kabs or hoed assets to torlg-trnn labeiting b. farie of kabilies lis Gockhuldern equtpy c. abses surnower d. aption an tratiof nasis 1. Aefurn im cumenon tiockhatgers gouty F Coles tiy wat 4. Civse totar habeces by total atockholdersaguty. amont Finding lutai slocktholders eachiy) +? stschelderi'equty +2 f. Return on common stockholders' equity x% Feedtsack F Check My Won a. Divide property, plant, and equipment (net) by long-term liabilities. b. Divide total liabilities by total stockholders'equity, c. Divide sales by average total assets. Average total assets = (Beginning total assets + Ending total assets) + ? To find ending total assets, use the accounting equation and substitute ending liabalites + stockholders'equity for the amount. d. Divide the sum of net income plus interest expense by average total assets. Average total assets = (Beginning total assets + Ending total atsets +2 . To find ending total assets, use the accounting equation and substitute ending liabisties + stockholders'equity for the amount. e. Divide net income by average total stockholders'equity. Average total stockholkfers'equity = (Beginning total stockholders'equity * Ending total stockholders'equity) +2 . 1. Divide net income minus preferred dividends by average common stockholders'equity. Commen stockholders'equity = Common stock + Retained eamings, Average common stockholders'equity = (Beginning common stockholders'equity + Ending common stockholders'equity) +2 Sales $24,451,200 Interest expense $38,760 Assuming that total assets were $4,412,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. Feestback Theck My Work a. Divide property, plant, and equipment (net) by long-term liabilities. b. Divide total liabilties by total stockholders'equity. The following dota were taken from the financial statements of Loveseth inc. for the current firal vear