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) $2,165,600 Liabilities: Ourrent liabilities Note payable, 6%, due in 15 years $189,000 942,000 Total liabilities $1,131,000 Stack holders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: $1,695,500 1,695,500 Balance, beginning of year Net income $ $1,810,000 535,000 $2,345,000 $33,930 Preferred dividends 49,070 B3,000 Common dividends Balance, end of year 2,262,000 Total stockholders' equity $5,655,000 Sales $14,828,100 Interest expense $56,520 Assuming that long-term investments totaled $3,393,000 throughout the year and that total assets were $6,447,000 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. Retum on common stockholders' equity