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) $1,972,000 Liabilities: Current liabilities $232,000 Note payable, 6%, due in 15 years 1,160,000 Total liabilities $1,392,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $2,088,000 Common stock, $10 par (no change during year) 2,088,000 Retained earnings: Balance, beginning of year $2,228,000 Net income 762,000 $2,990,000 Preferred dividends $41,760 Common dividends 164,240 206,000 Balance, end of year 2,784,000 Total stockholders' equity $6,960,000 Sales $17,058,100 Interest expense $69,600 Assuming that long-term investments totaled $4,176,000 throughout the year and that total assets were $7,934,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place