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Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant,

Six Measures of Solvency or Profitability

The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.

Property, plant, and equipment (net) $1,437,800
Liabilities:
Current liabilities $220,000
Note payable, 6%, due in 15 years 1,106,000
Total liabilities $1,326,000
Stockholders' equity:
Preferred $2 stock, $100 par (no change during year) $1,989,000
Common stock, $10 par (no change during year) 1,989,000
Retained earnings:
Balance, beginning of year $2,122,000
Net income 701,000 $2,823,000
Preferred dividends $39,780
Common dividends 131,220 171,000
Balance, end of year 2,652,000
Total stockholders' equity $6,630,000
Sales $51,196,200
Interest expense $66,360

Assuming that total assets were $7,558,000 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%

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