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) $1,000,800 Liabilities: Current liabilities $168,000 Note payable, 6%, due in 15 years 834,000 Total liabilities $1,002,000 $1,503,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income 1,503,000 $1,604,000 553,000 $2,157,000 $30,060 122,940 153,000 Preferred dividends Common dividends 2,004,000 Balance, end of year Total stockholders' equity $5,010,000 Sales $29,893,650 Interest expense $50,040 Assuming that total assets were $5,711,000 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