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

   Property, plant, and equipment (net)						$1,522,600
   Liabilities:
   	Current liabilities			$133,000
   	Note payable, 6%, due in 15 years			662,000
   	Total liabilities					$795,000
   Stockholders' equity:
   	Preferred $4 stock, $100 par (no change during year)					$1,192,500
   	Common stock, $10 par (no change during year)					1,192,500
   Retained earnings:
   	Balance, beginning of year	$1,272,000
   	Net income	465,000		$1,737,000
   	Preferred dividends	$47,700
   	Common dividends	99,300		147,000
   	Balance, end of year					1,590,000
   Total stockholders' equity						$3,975,000
   Sales						$24,185,200
   Interest expense						$39,720

   Assuming that total assets were $4,532,000 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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