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Six Measures of Solvency or ProfitabilityThe following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.Property, plant, and equipment

Six Measures of Solvency or ProfitabilityThe following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.Property, plant, and equipment (net) $1,200,600Liabilities: Current liabilities $134,000 Note payable, 6%, due in 15 years 667,000 Total liabilities $801,000Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $600,750 Common stock, $10 par (no change during year)600,750Retained earnings: Balance, beginning of year$640,000 Net income282,000 $922,000 Preferred dividends$24,030 Common dividends96,970121,000 Balance, end of year 801,000Total stockholders' equity $2,002,500Sales $14,759,550Interest expense $40,020Assuming that total assets were $2,663,000 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 liabilitiesfill in the blank 1b. Ratio of liabilities to stockholders' equityfill in the blank 2c. Asset turnoverfill in the blank 3d. Return on total assetsfill in the blank %e. Return on stockholders equityfill in the blank %f. Return on common stockholders' equityfill in the blank %

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