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) $1,890,000 Liabilities Current liabilities $189,000 Note payable, 6%, due in 15 years 945,000 $1,134,000 Total liabilities Stockholders' equity: Preferred $2 stock, $100 par (no change during $1,134,000 year) Common stock, $10 par (no change during year) 1,134,000 Retained earnings: Balance, beginning of year $1,210,000 Net income $1,704,000 494,000 Preferred dividends $22,680 Common dividends 169,320 192,000 Balance, end of year 1,512,000 Total stockholders' equity $3,780,000 $23,475,900 Sales $56,700 Interest expense Assuming that total assets were $4,668,000 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 0.3 c. Asset turnover X 5 d. Return on total assets 10.3 X % stockholders' equity X % e. Return on 13.1 f. Return on common stockholders' equity X % 12.5