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 Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales Interest expense $1,377,000 $162,000 810,000 $972,000 $1,458,000 1,458,000 $1,556,000 582,000 $2,138,000 $58,320 135,680 194,000 1,944,000 $4,860,000 $26,155,600 $48,600 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends $1,556,000 Balance, end of year Total stockholders' equity Sales 582,000 $2,138,000 $58,320 135,680 194,000 1,944,000 $4,860,000 $26,155,600 $48,600 Interest expense Assuming that total assets were $5,540,000 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 Feedback 1.7 0.2 4.6 V 11.1 % 11.1 X % 15.2 X %