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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) $1,128,800 Liabilities: Current

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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) $1,128,800
Liabilities:
Current liabilities $134,000
Note payable, 6%, due in 15 years 664,000
Total liabilities $798,000
Stockholders' equity:
Preferred $2 stock, $100 par (no change during year) $478,800
Common stock, $10 par (no change during year) 478,800
Retained earnings:
Balance, beginning of year $510,000
Net income 207,000 $717,000
Preferred dividends $9,576
Common dividends 69,024 78,600
Balance, end of year 638,400
Total stockholders' equity $1,596,000
Sales $14,704,200
Interest expense $39,840

Assuming that total assets were $2,274,000 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%

Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $1,128,800 Liabilities: Current liabilities $134,000 Note payable, 6%, due in 15 years 664,000 Total liabilities $798,000 $478,800 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year 478,800 $510,000 Net income 207,000 $717,000 Preferred dividends $9,576 Common dividends 69,024 78,600 638,400 Balance, end of year Total stockholders' equity $1,596,000 Sales $14,704,200 Interest expense $39,840 Assuming that total assets were $2,274,000 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 % e. Return on stockholders' equity % f. Return on common stockholders' equity %

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