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) $1,213,500 Labilities: Current liabilities $163,000 809,000 Note payable, 6%, due in 15 years $972,000 Total liabilities $729,000 729,000 Stockholders' equity Preferred $2 stock, 5100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings Balance, beginning of year $778,000 300,000 $1,078,000 Net Income $14,580 91.420 106,000 972,000 Preferred dividends Common dividends Balance, end of year Total stockholders' equity $2.430,000 $20,233,700 Sales Interest expense 548,540 Assuming that total assets were $3,232,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of yod assets to long-term tabilities Previous N Chuck My Work eBook VOS $972,000 Total liabilities Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $729,000 Common stock, $10 par (no change during year) 729,000 Retained earnings: Balance, beginning of year $778,000 Net Income 300,000 $1,078,000 Preferred dividends $14,580 Common dividends 91,420 106,000 Balance, end of year 972,000 Total stockholders' equity $2,430,000 Sales $20,233,700 Interest expense $48,540 Assuming that total assets were $3,232.000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place a. ratio of wed asset to long-term les b. Ratio oribilities to cholen equity c. Asset tumover. d. tur un totale e. Return on stockholders uity 1. Return on common stochodes out