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) $2,213,400 Liabilities: Current liabilities $212,000 1,054,000 Note payable, 6%, due in 15 years $1,266,000 $1,899,000 Total liabilities 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 1,899,000 $2,026,000 800,000 $2,826,000 $75,960 Common dividends 218,040 294,000 Balance, end of year 2,532,000 Total stockholders' equity $6,330,000 Sales $48,139,000 1,899,000 Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year $2,026,000 800,000 $2,826,000 Net Income Preferred dividends Common dividends $75,960 218,040 294,000 Balance, end of year Total stockholders' equity 2,532,000 $6,330,000 Sales $48,139,000 nd to one decimal place. Interest expense $63,240 Assuming that total assets were $7,216,000 at the beginning of the current fiscal year, determine the following. When required, 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 %