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) $1,877,400 Liabilities: Current liabilities $208,000 Note payable, 6%, due in 15 years 1,043,000 Total liabilities $1,251,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $1,251,000 Common stock, $10 par (no change during year) 1,251,000 Retained earnings: Balance, beginning of year $1,334,000 Net income 588,000 $1,922,000 Preferred dividends $50,040 Common dividends 203,960 254,000 Balance, end of year 1,668,000 Total stockholders' equity $4,170,000 Sales $15,704,450 Interest expense $62,580 Assuming that long-term investments totaled $2,711,000 throughout the year and that total assets were $5,150,000 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 %