Six Measures of Solvency or Profitability

The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.

Property, plant, and equipment $($net$)$ $$1,640,000$

Liabilities:

Current liabilities $$205,000$

Note payable, $6\%,$ due in $15$ years $1,025,000$

Total liabilities $$1,230,000$

Stockholders' equity:

Preferred $$4$ stock, $$100$ par $($no change during year$)$ $$738,000$

Common stock, $$10$ par $($no change during year$)738,000$

Retained earnings:

Balance, beginning of year $$788,000$

Net income $391,000$ $$1,179,000$

Preferred dividends $$29,520$

Common dividends $165,480195,000$

Balance, end of year $984,000$

Total stockholders' equity $$2,460,000$

Sales $$23,387,000$

Interest expense $$61,500$

Assuming that total assets were $$3,506,000$ 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 $6$

$\%$

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