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)						$2,307,800
Liabilities:
	Current liabilities			$211,000
	Note payable, 6%, due in 15 years			1,049,000
	Total liabilities					$1,260,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$945,000
	Common stock, $10 par (no change during year)					945,000
Retained earnings:
	Balance, beginning of year	$1,008,000
	Net income	344,000		$1,352,000
	Preferred dividends	$18,900
	Common dividends	73,100		92,000
	Balance, end of year					1,260,000
Total stockholders' equity						$3,150,000
Sales						$18,490,000
Interest expense						$62,940

Assuming that total assets were $4,190,000 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	%