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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) $1,106,000 Liabilities: Current liabilities $ 158,000 Note payable, 6%, due in 15 years 790,000 Total liabilities $948,000 $948,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: 948,000 Balance, beginning of year $1,012,000 Net Income 320,000 $1,332,000 Preferred dividends $37,920 30,080 Common dividends 68,000 Balance, end of year 1,264,000 Total stockholders' equity $3,160,000 Sales $21,629,700 Interest expense $47,400 Assuming that total assets were $3,903,000 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 ull c. Asset turnover d. Return on total assets % e. Return on stockholders' equity % f. Return on common stockholders' equity %

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