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Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property,

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Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: Current liabilities Note payable, 6%, due in 15 years 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 $1,472,000 $2,642,700 $231,000 1,149,000 $1,380,000 $1,380,000 1,380,000 Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales 513,000 $1,985,000 $55,200 89,800 145,000 1,840,000 $4,600,000 $27,986,400 $68,940 Interest expense Assuming that total assets were $5,681,000 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 1.91 0.3 % % %

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