The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $1,369,200 Liabilities: Current abilities $195.000 Note payable, 6%, due in 15 years 978,000 Total liabilities $1,173,000 Stockholders' equity Preferred 54 stock, $100 par (no change during year) $1,759,500 Common stock, 510 par (no change during year) 1,759,500 Retained earnings Balance, beginning of year $1,876,000 Net Income 609,000 $2,485,000 Preferred dividends $70,380 Common dividends 68,620 139,000 Balance, end of year 2,346,000 Total stockholders' equity $5,865,000 Sales $28,620,400 Interest expense $58,680 Assuming that total assets were $6,686,000 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 abilities to stockholders' equity Check My Work 2 more Check My Work uses remaining, Emal instructor Save and Ext Submit Assignment for Grading Total abilities $1,173,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $1,759,500 Common stock, $10 par (no change during year) 1,759,500 Retained earnings: Balance, beginning of year $1,876,000 Net Income 609,000 $2,485,000 Preferred dividends $70,380 Common dividends 68,620 139,000 Balance, end of year 2,346,000 Total stockholders' equity $5,865,000 Sales $28,820,400 Interest expense $58,680 Assuming that total assets were $6,686,000 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 III e. Return on stockholders' equity f. Return on common stockholders' equity % Previous Nes Check My Work 2 more Check My Work uses remaining, Email Instructor Save and Ex Submit Assignment for