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)						$1,011,400
Liabilities:
	Current liabilities			$155,000
	Note payable, 6%, due in 15 years			778,000
	Total liabilities					$933,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$559,800
	Common stock, $10 par (no change during year)					559,800
Retained earnings:
	Balance, beginning of year	$598,000
	Net income	251,000		$849,000
	Preferred dividends	$22,392
	Common dividends	80,208		102,600
	Balance, end of year					746,400
Total stockholders' equity						$1,866,000
Sales						$16,919,800
Interest expense						$46,680

Assuming that total assets were $2,659,000 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 %