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)						$1,407,600
Liabilities:
	Current liabilities			$157,000
	Note payable, 6%, due in 15 years			782,000
	Total liabilities					$939,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$939,000
	Common stock, $10 par (no change during year)					939,000
Retained earnings:
	Balance, beginning of year	$1,002,000
	Net income	381,000		$1,383,000
	Preferred dividends	$18,780
	Common dividends	112,220		131,000
	Balance, end of year					1,252,000
Total stockholders' equity						$3,130,000
Sales						$12,954,450
Interest expense						$46,920

Assuming that long-term investments totaled $2,034,000 throughout the year and that total assets were $3,866,000 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	%