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$)$

$$3,200,000$

Liabilities:

Current liabilities

$$1,000,000$

Note payable, $6\%,$ due in $15$ years

$2,000,000$

Total liabilities

$$3,000,000$

Stockholders' equity:

Preferred $$10$ stock, $$100$ par $($no change during year$)$

$$1,000,000$

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

$2,000,000$

Retained earnings:

Balance, beginning of year

$$1,570,000$

Net income

$930,000$

Preferred dividends

$(100,000)$

Common dividends

$(400,000)$

Balance, end of year

Total stockholders' equity

Sales

$\backslash$table$[[2,000,000$