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The following data were taken from the financial statements of Olvideo Enterprises Inc. for the current fiscal year. Property, plant, and equipment (net) $1,328,600 Liabilities:
The following data were taken from the financial statements of Olvideo Enterprises Inc. for the current fiscal year.
Property, plant, and equipment (net) | $1,328,600 | |||||
Liabilities: | ||||||
Current liabilities | $205,000 | |||||
Mortgage note payable, 8%, issued 2003, due 2019 | 1,022,000 | |||||
Total liabilities | $1,227,000 | |||||
Stockholders' equity: | ||||||
Preferred $4 stock, $100 par (no change during year) | $1,227,000 | |||||
Common stock, $10 par (no change during year) | 1,227,000 | |||||
Retained earnings: | ||||||
Balance, beginning of year | $1,308,000 | |||||
Net income | 535,000 | $1,843,000 | ||||
Preferred dividends | $49,080 | |||||
Common dividends | 157,920 | 207,000 | ||||
Balance, end of year | 1,636,000 | |||||
Total stockholders' equity | $4,090,000 | |||||
Net sales | $16,412,500 | |||||
Interest expense | $81,760 |
Assuming that long-term investments totaled $2,659,000 throughout the year and that total assets were $5,051,000 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. Ratio of net sales to assets | |
d. Rate earned on total assets | % |
e. Rate earned on stockholders' equity | % |
f. Rate earned on common stockholders' equity | % |
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