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) $1,659,200 Liabilities: Current liabilities $194,000 Note payable, 6%, due in 15 years 976,000 $1,170,000 $877,500 Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends 877,500 $936,000 358,000 $1,294,000 $35,100 Common dividends 88,900 124,000 Balance, end of year 1,170,000 Total stockholders' equity $2,925,000 Sales $23,555,750 Interest expense $58,560 Asuming that total assets were e Ron non at the clock the followinien Assuming that total assets were $3.890.000 at the beginning of the current fiscal Year, determine the following when required, round to one decimal place. a. Itatio of fixed asset to long-term labs b. Ratio of abilities to stod holders equity Gotturner dium on totalt eum on stockholders sulty 93 Return on common stocholders uity