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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,

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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) $3,040,000 Liabilities: Current liabilities $1,200,000 Note payable, 6%, due in 15 years 1,600,000 Total liabilities $2,800,000 Stockholders' equity: Preferred $10 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year $800,000 1,600,000 $1,072,000 Net income 928,000 $2,000,000 Preferred dividends $80,000 320,000 Common dividends 400,000 Balance, end of year 1,600,000 Total stockholders' equity $4,000,000 Sales $17,920,000 Interest expense $96,000 Assuming that total assets were $6,000,000 at the beginning of the current fiscal year, determine the following: Round your answers 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 95 e. Return on stockholders' equity f. Return on common stockholders equity

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