1. 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)						$2,217,600
   Liabilities:
   	Current liabilities			$201,000
   	Note payable, 6%, due in 15 years			1,008,000
   	Total liabilities					$1,209,000
   Stockholders' equity:
   	Preferred $4 stock, $100 par (no change during year)					$1,209,000
   	Common stock, $10 par (no change during year)					1,209,000
   Retained earnings:
   	Balance, beginning of year	$1,290,000
   	Net income	474,000		$1,764,000
   	Preferred dividends	$48,360
   	Common dividends	103,640		152,000
   	Balance, end of year					1,612,000
   Total stockholders' equity						$4,030,000
   Sales						$32,180,400
   Interest expense						$60,480

   Assuming that total assets were $4,977,000 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%