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The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $1,317,400 Liabilities: Current

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

Property, plant, and equipment (net) $1,317,400
Liabilities:
Current liabilities $187,000
Note payable, 6%, due in 15 years 941,000
Total liabilities $1,128,000
Stockholders' equity:
Preferred $4 stock, $100 par (no change during year) $1,128,000
Common stock, $10 par (no change during year) 1,128,000
Retained earnings:
Balance, beginning of year $1,204,000
Net income 389,000 $1,593,000
Preferred dividends $45,120
Common dividends 43,880 89,000
Balance, end of year 1,504,000
Total stockholders' equity $3,760,000
Sales $15,325,200
Interest expense $56,460

Assuming that long-term investments totaled $2,444,000 throughout the year and that total assets were $4,644,000 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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