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$)$

$$1,654,800$

Liabilities:

Current liabilities

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

Total liabilities

$$1,419,000$

Stockholders' equity:

Preferred $$4$ stock, $$100$ par $($no change during year$)$

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

Retained earnings:

Balance, beginning of year

Net income

Preferred dividends

Common dividends

$$1,419,000$

$1,419,000$

Balance, end of year

Total stockholders' equity

Sales

Interest expense

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