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The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $1,283,100 Liabilities: Current
The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.
Property, plant, and equipment (net) | $1,283,100 | |||||
Liabilities: | ||||||
Current liabilities | $198,000 | |||||
Note payable, 6%, due in 15 years | 987,000 | |||||
Total liabilities | $1,185,000 | |||||
Stockholders' equity: | ||||||
Preferred $2 stock, $100 par (no change during year) | $888,750 | |||||
Common stock, $10 par (no change during year) | 888,750 | |||||
Retained earnings: | ||||||
Balance, beginning of year | $948,000 | |||||
Net income | 414,000 | $1,362,000 | ||||
Preferred dividends | $17,775 | |||||
Common dividends | 159,225 | 177,000 | ||||
Balance, end of year | 1,185,000 | |||||
Total stockholders' equity | $2,962,500 | |||||
Sales | $17,388,125 | |||||
Interest expense | $59,220 |
Assuming that total assets were $3,940,000 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 | fill in the blank 1 |
b. Ratio of liabilities to stockholders' equity | fill in the blank 2 |
c. Asset turnover | fill in the blank 3 |
d. Return on total assets | fill in the blank 4% |
e. Return on stockholders equity | fill in the blank 5% |
f. Return on common stockholders' equity | fill in the blank 6% |
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