1. 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)						$904,400
   Liabilities:
   	Current liabilities			$128,000
   	Note payable, 6%, due in 15 years			646,000
   	Total liabilities					$774,000
   Stockholders' equity:
   	Preferred $2 stock, $100 par (no change during year)					$580,500
   	Common stock, $10 par (no change during year)					580,500
   Retained earnings:
   	Balance, beginning of year	$620,000
   	Net income	281,000		$901,000
   	Preferred dividends	$11,610
   	Common dividends	115,390		127,000
   	Balance, end of year					774,000
   Total stockholders' equity						$1,935,000
   Sales						$13,735,800
   Interest expense						$38,760

   Assuming that total assets were $2,574,000 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	%