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)						$852,600
Liabilities:
	Current liabilities			$123,000
	Note payable, 6%, due in 15 years			609,000
	Total liabilities					$732,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$549,000
	Common stock, $10 par (no change during year)					549,000
Retained earnings:
	Balance, beginning of year	$586,000
	Net income	250,000		$836,000
	Preferred dividends	$10,980
	Common dividends	93,020		104,000
	Balance, end of year					732,000
Total stockholders' equity						$1,830,000
Sales						$7,788,800
Interest expense						$36,540

Assuming that long-term investments totaled $1,281,000 throughout the year and 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	1.4
b. Ratio of liabilities to stockholders' equity	.4
c. Asset turnover
d. Return on total assets	11.5 %
e. Return on stockholders equity	%
f. Return on common stockholders' equity	%