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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,

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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) $1,134,000 Liabilities: Current liabilities $189,000 945,000 Note payable, 6%, due in 15 years $1,134,000 $850,500 850,500 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 Common dividends Balance, end of year Total stockholders' equity $908,000 337,000 $1,245.000 534,020 76.980 111.000 1.134.000 52,835,000 Sales S8,294,000 Interest expense 556.700 Interest expense $56.700 Assuming that long term investments totaled $1.955.000 throughout the year and that totalists were $3.771.000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place .. Ratio of us to long-term Babies b. Ratio of Babies to wholders' equity C. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity

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