Six mussures of solvency or arbit The folowing data were taken from the financial statements of Gates Inc. for the current focal year. Property, plant, and equipment (net) $3,200,000 Current es Note payable, due in 15 years Total Shickholders e Preferred $10 stock, $100 par (no change during year) Common stock $10 per he change during year Retained sings Balance, beginning of year het incom Preferred dividends Common dividends Balance, end of year Total stockholders' equity $1,000,000 2,000,000 $3,000,000 $1,000,000 2,000,000 $1,570,000 1 930,000 (100,000) (400.000) 2,000,000 $5,000,000 $10,900,000 $120,000 Interest 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 flocal yeer, determine the following. Round your answers to ann decimal place Ratio of ed assets to long-term bi Rat of attackhouty Assumer Tture on men stuckhunc equity Cheick My Work