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Six Measures of Solvency or Profitability The followind data were taken from the financial statements of Gates Inc. for the current fiscal vear. Note payable,

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Six Measures of Solvency or Profitability The followind data were taken from the financial statements of Gates Inc. for the current fiscal vear. Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $583,200 Common stock, $10 par (no change during year) 583,200 Retained earnings: Balance, beginning of year Net income Preferred dividends $622,000 Common dividends Balance, end of year Total stockholders' equity Sales Interest expense $11,664300,000$922,000 Assuming that total assets were $2,770,000 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 liabiities b. Ratio of llabilities to steckholders' equity c. Asset tumover d. Return on total assets % e. Return on stockholders' equity % f. Return on common stockholders' equity %

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