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)						$1,420,800
Liabilities:
	Current liabilities			$177,000
	Note payable, 6%, due in 15 years			888,000
	Total liabilities					$1,065,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$639,000
	Common stock, $10 par (no change during year)					639,000
Retained earnings:
	Balance, beginning of year	$682,000
	Net income	292,000		$974,000
	Preferred dividends	$25,560
	Common dividends	96,440		122,000
	Balance, end of year					852,000
Total stockholders' equity						$2,130,000
Sales						$17,755,500
Interest expense						$53,280

Assuming that total assets were $3,035,000 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	%