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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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