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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,

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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) $2,151,000 Liabilities: Current liabilities $239,000 Note payable, 6%, due in 15 years 1,195,000 Total liabilities $1,434,000 Stockholders' equity Preferred 54 stock, $100 par (no change during year) $2,151,000 Common stock, $10 par (no change during year) 2,151,000 Retained earnings Balance, beginning of year $2,294,000 Net incoby 852,000 $3,146,000 Preferred dividends $86,040 Common dividends 191,960 278,000 Balance, end of year 2,865,000 Total stockholders' equity 57,170,000 Sales $20,026,300 Interest mense $71,700 Assuming that long-term investments totaled 54,302,000 throughout the year and that totalsts were 58,174,000 at the beginning of the current fiscal yeac determine the following. When required, round to one decimal place Balance, end of year 2,868,000 $7,170,000 Total stockholders equity Sales $20,026,300 Interest expense $71,700 Assuming that long term investments totaled 34, 302,000 throughout the year and that total assets were $0.174,000 at the beginning of the current fiscal year, determine the following when required, round to one decimal place a. ratio of red stets to long-term abilities 1. b. Nations to stockholders equity 0.2 Ant turnover x d. Return on Sets e. Return on stockholders I. Return on common stockholders' equity

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