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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,

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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) $1,479,000 Liabilities: Current liabilities $174,000 Note payable, 6%, due in 15 years 870,000 Total liabilities $1,044,000 Stockholders' equity: $1,044,000 Preferred $4 stock, $100 par (no change during year) Common stock, $10 par (no change during year) 1,044,000 Retained earnings: Balance, beginning of year $1,114,000 Net income 406,000 $1,520,000 Preferred dividends $41,760 Common dividends 86,240 128,000 Balance, end of year 1,392,000 Total stockholders' equity $3,480,000 Sales $23,819,400 Interest expense $52,200 Assuming that total assets were $4,298,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. Assuming that total assets were $4,298,000 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 %

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