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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. Property, plant,

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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. Property, plant, and equipment (net) $1,526,800 Liabilities: Current liabilities $140,000 Note payable, 5%, due in 15 years 694,000 Total liabilities $834,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) Common stock, $10 par (no change during year) $500,400 500,400 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends $534,000 226,000 $760,000 $20,016 72,784 92,800 Balance, end of year 667,200 $1,668,000 Total stockholders' equity Sales $14,149,100 Interest expense $41,640 Assuming that total assets were $2,377,000 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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