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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,

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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) $1,865,600 Liabilities: Current liabilities $232,000 Note payable, 6%, due in 15 years 1,166,000 Total liabilities $1,398,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $1,398,000 Common stock, $10 par (no change during year) 1,398,000 Retained earnings: Balance, beginning of year $1,492,000 Net Income 624,000 $2.116.000 Preferred dividends $55.920 Common dividends 196,080 252,000 Balance, end of year 1,864,000 Total stockholders' equity $4,650.000 Sales $11,297,250 Interest expense Assuming that long-term investments totaled $3,029,000 throughout the year and that total assets were $5.755,000 at the beginning of the current scal year, determine the following. When required, round to one decimal place . Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders equity C. Asset tumover d. Retum on total assets. a. Rotum on stockholders' equity 1. Return on common stocholders equity

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