Six Measures of Solvencv or Profitabilitv

Chapter $17$ Assignment assignment take frame

Property, plant, and

equipment $($net$)$

$$1,646,400$

Liabilities:

Current liabilities

$$158,000$

Note payable, $6\%,$ due in

$15$ years

$784,000$

Total liabilities

Stockholders' equity:

Preferred $$4$ stock, $$100$

par $($no change during

$$706,500$

year$)$

Common stock, $$10$ par

$($no change during year$)$

$706,500$

Retained earnings:

Balance, beginning of

year

$$754,000$

Net income $270,000$

Preferred dividends $$1,024,000$

Common dividends $,53,740,82,000$

Balance, end of year

Total stockholders' equity

Sales

Assuming that total assets were $$3,132,000$ 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

$\%$