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)						$1,144,000
Liabilities:
	Current liabilities			$176,000
	Note payable, 6%, due in 15 years			880,000
	Total liabilities					$1,056,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$1,584,000
	Common stock, $10 par (no change during year)					1,584,000
Retained earnings:
	Balance, beginning of year	$1,690,000
	Net income	514,000		$2,204,000
	Preferred dividends	$63,360
	Common dividends	28,640		92,000
	Balance, end of year					2,112,000
Total stockholders' equity						$5,280,000
Sales						$30,887,500
Interest expense						$52,800

Assuming that total assets were $6,019,000 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	%