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Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,227,800 Property,
Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,227,800 Property, plant, and equipment (net) Liabilities: Current liabilities Note payable, 5%, due in 15 years $176,000 877,000 Total liabilities $1,053,000 $1,053,000 1,053,000 Stockholders' equity: Preferred 54 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 $1,590,000 $1,124,000 466,000 $42,120 143,880 186,000 1,404,000 $3,510,000 $29,363,400 $52,620 Interest expense Assuming that total assets were $4,335,000 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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