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Six Measures of Solvency or Prufitability the hillowing data were taken from the financial statements of Gates Inc. for the current local year Property, plant,

image text in transcribed Six Measures of Solvency or Prufitability the hillowing data were taken from the financial statements of Gates Inc. for the current local year Property, plant, and equipment (net) Liabilities $3,200,000 Current abilities Note payable, 5%, dus in 15 years Tutal abilities Stockholders' equity: Preferred $10 stock, $100 par (ne change during year) Common stock, $10 par (no change during year) Retained earnings Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales Interest expense $1.570,000 930,000 (100,000) (400,000) $1,000,000 2,000,000 $3,000,000 $1,000,000 2,000,000 2,000,000 D $5,000,000 $18,900,000 $120,000 Assuming that long-term investments totaled $3,000,000 throughout the year and that total assets were $7,000,000 at the beginning of the current fiscal year, determine the following Round to one decimal place a. tio of fixed assets to long-term liabilitie b. Ratio of liabilities to stockholders equity C Asset turn d. Return total assets e. Benim on stockholders equity Rutumn on common stockholders' equity

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