The following data were taken from the financial statements of Gates Inc. for the current fiscal year.

Property, plant, and equipment (net)$1,710,000Liabilities:Current liabilities$180,000Note payable, 6%, due in 15 years900,000Total liabilities$1,080,000Stockholders' equity:Preferred $2 stock, $100 par (no change during year)$1,080,000Common stock, $10 par (no change during year)1,080,000Retained earnings:Balance, beginning of year$1,152,000Net income489,000$1,641,000Preferred dividends$21,600Common dividends179,400201,000Balance, end of year1,440,000Total stockholders' equity$3,600,000Sales$21,902,400Interest expense$54,000

Assuming that total assets were $4,446,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.