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)						$1,387,200
Liabilities:
	Current liabilities			$162,000
	Note payable, 6%, due in 15 years			816,000
	Total liabilities					$978,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$586,800
	Common stock, $10 par (no change during year)					586,800
Retained earnings:
	Balance, beginning of year	$626,000
	Net income	247,000		$873,000
	Preferred dividends	$11,736
	Common dividends	78,864		90,600
	Balance, end of year					782,400
Total stockholders' equity						$1,956,000
Sales						$14,302,500
Interest expense						$48,960

Assuming that total assets were $2,787,000 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	fill in the blank 1
b. Ratio of liabilities to stockholders' equity	fill in the blank 2
c. Asset turnover	fill in the blank 3
d. Return on total assets	fill in the blank 4%
e. Return on stockholders equity	fill in the blank 5%
f. Return on common stockholders' equity	fill in the blank 6%

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