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) $1,144,000 Liabilities: Current liabilities $143,000 Note payable, 6%, due in 15 years 715,000 Total liabilities $858,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $1,287,000 Common stock, $10 par (no change during year) 1,287,000 Retained earnings: Balance, beginning of year $1,372,000 Net income 402,000 $1,774,000 Preferred dividends $51,480 Common dividends 6,520 58,000 Balance, end of year 1,716,000 Total stockholders' equity $4,290,000 Sales $29,615,050 Interest expense $42,900 Assuming that total assets were $4,891,000 at the beginning of the current fiscal year, determine the follow a. Ratio of fixed assets to long-term liabilities 1.6 b. Ratio of liabilities to stockholders' equity 0.2 1.6 a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity 0.2 c. Asset turnover d. Return on total assets 0.53 X % e. Return on stockholders' equity 0.42 X % f. Return on common stockholders' equity %