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)						$1,830,800
Liabilities:
	Current liabilities			$158,000
	Note payable, 6%, due in 15 years			796,000
	Total liabilities					$954,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$954,000
	Common stock, $10 par (no change during year)					954,000
Retained earnings:
	Balance, beginning of year	$1,018,000
	Net income	400,000		$1,418,000
	Preferred dividends	$19,080
	Common dividends	126,920		146,000
	Balance, end of year					1,272,000
Total stockholders' equity						$3,180,000
Sales						$10,799,250
Interest expense						$47,760

Assuming that long-term investments totaled $2,067,000 throughout the year and that total assets were $3,927,000 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	fill in the blank 1
b. Ratio of liabilities to stockholders' equity	fill in the blank 2
c. Asset turnover	fill in the blank 3
d. Return on total assets	fill in the blank 4 %
e. Return on stockholders equity	fill in the blank 5 %
f. Return on common stockholders' equity	fill in the blank 6 %