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)						$2,360,600
Liabilities:
	Current liabilities			$214,000
	Note payable, 6%, due in 15 years			1,073,000
	Total liabilities					$1,287,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$772,200
	Common stock, $10 par (no change during year)					772,200
Retained earnings:
	Balance, beginning of year	$824,000
	Net income	352,000		$1,176,000
	Preferred dividends	$15,444
	Common dividends	130,956		146,400
	Balance, end of year					1,029,600
Total stockholders' equity						$2,574,000
Sales						$23,716,350
Interest expense						$64,380

Assuming that total assets were $3,668,000 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