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) $732,000 Liabilities: Current liabilities $122,000 Note payable, 6%, due in 15 years 610,000 Total liabilities $732,000 Stockholders' equity: $549,000 549,000 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 $586,000 200,000 $786,000 $21,960 Common dividends 32,040 54,000 Balance, end of year 732,000 Total stockholders' equity $1,830,000 Sales $14,238,600 Interest expense $36,600 Assuming that total assets were $2,434,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. 3 Date of fivad catetolong term liabilities Assuming that total assets were $2,434,000 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