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)						$1,075,500
Liabilities:
	Current liabilities			$144,000
	Note payable, 6%, due in 15 years			717,000
	Total liabilities					$861,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$516,600
	Common stock, $10 par (no change during year)					516,600
Retained earnings:
	Balance, beginning of year	$552,000
	Net income	238,000		$790,000
	Preferred dividends	$20,664
	Common dividends	80,536		101,200
	Balance, end of year					688,800
Total stockholders' equity						$1,722,000
Sales						$16,622,100
Interest expense						$43,020

Assuming that total assets were $2,454,000 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	%