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)						$1,183,700
Liabilities:
	Current liabilities			$124,000
	Note payable, 6%, due in 15 years			623,000
	Total liabilities					$747,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$560,250
	Common stock, $10 par (no change during year)					560,250
Retained earnings:
	Balance, beginning of year	$598,000
	Net income	275,000		$873,000
	Preferred dividends	$22,410
	Common dividends	103,590		126,000
	Balance, end of year					747,000
Total stockholders' equity						$1,867,500
Sales						$11,981,475
Interest expense						$37,380

Assuming that total assets were $2,484,000 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