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)						$1,752,700
Liabilities:
	Current liabilities			$205,000
	Note payable, 6%, due in 15 years			1,031,000
	Total liabilities					$1,236,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$1,854,000
	Common stock, $10 par (no change during year)					1,854,000
Retained earnings:
	Balance, beginning of year	$1,978,000
	Net income	804,000		$2,782,000
	Preferred dividends	$74,160
	Common dividends	235,840		310,000
	Balance, end of year					2,472,000
Total stockholders' equity						$6,180,000
Sales						$38,321,650
Interest expense						$61,860

Assuming that total assets were $7,045,000 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	%