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)						$2,120,400
Liabilities:
	Current liabilities			$235,000
	Note payable, 6%, due in 15 years			1,178,000
	Total liabilities					$1,413,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$1,413,000
	Common stock, $10 par (no change during year)					1,413,000
Retained earnings:
	Balance, beginning of year	$1,508,000
	Net income	482,000		$1,990,000
	Preferred dividends	$56,520
	Common dividends	49,480		106,000
	Balance, end of year					1,884,000
Total stockholders' equity						$4,710,000
Sales						$17,163,100
Interest expense						$70,680

Assuming that long-term investments totaled $3,061,000 throughout the year and that total assets were $5,817,000 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	fill in the blank 1
b. Ratio of liabilities to stockholders' equity	fill in the blank 2
c. Asset turnover	fill in the blank 3
d. Return on total assets	fill in the blank 4 %
e. Return on stockholders equity	fill in the blank 5 %
f. Return on common stockholders' equity	fill in the blank 6 %