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The followina data were taken from the financial statements of Gates Inc. for the current fiscal vear. Assuming that total assets were $3,032,000 at the
The followina data were taken from the financial statements of Gates Inc. for the current fiscal vear. Assuming that total assets were $3,032,000 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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