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) $1,815,000 Liabilities: Current liabilities Note payable, 6%, due in 15 years $165,000 825,000 Total liabilities $990,000 $594,000 594,000 Stockholders' equity: Preferred $4 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 $634,000 292,000 $23,760 $926,000 110,240 134,000 Balance, end of year 792,000 $1,980,000 Total stockholders' equity Sales $14,190,400 Interest expense $49,500 Assuming that total assets were $2,822,000 at the beginning of the current fiscal year, determine the following. Whe longe during year) Common stock, $10 par (no change during year) $594,000 Retained earnings: 594,000 Balance, beginning of year $634,000 Net Income 292,000 $926,000 Preferred dividends $23,760 Common dividends 110,240 134,000 Balance, end of year 792,000 Total stockholders' equity $1,980,000 Sales $14,190,400 $49,500 Interest expense Assuming that total assets were $2,822,000 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 96 955 e. Return on stockholders' equity f. Return on common stockholders' equity