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Slx Measures of Solvency or Protability The following data were taken from the nancial statements of Loveseth Inc. for the current scal year. Property, plant,

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Slx Measures of Solvency or Protability The following data were taken from the nancial statements of Loveseth Inc. for the current scal year. Property, plant, and equipment (net) $1,336,000 Liabilities: current liabilities $167,000 Note payable, 6%, due in 15 years 335,000 Total liabilities $1,002,000 Stockholders' equity: Preferred $2 stock, $100 per (no change during year) $601,200 Common stock, $10 per (no change during year) 601,200 Retained earnings: Balance, beginning of year $642,000 Net income 270,000 $912,000 Preferred dividends $12,024 Common dividends 98,375 110,400 Balance, end of year 001,600 Total stockholders' equity $2 004 000 Sales $19,344,600 Interest expense $50,100 Assuming that total assets were $2,855,000 at the beginning of the current scal year, determine the following: when required, rnund to one decimal place. 3. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity :. Asset turnover d. Return on total assets % e. Return on stockholders' equity % I'. Return on common stockholders' equity \"/0 WWW

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