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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 ) $

The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.
Property, plant, and equipment (net) $3,040,000
Liabilities:
Current liabilities $1,200,000
Note payable, 6%, due in 15 years 1,600,000
Total liabilities $2,800,000
Stockholders equity:
Preferred $10 stock, $100 par (no change during year) $800,000
Common stock, $10 par (no change during year)1,600,000
Retained earnings:
Balance, beginning of year $1,072,000
Net income 928,000 $2,000,000
Preferred dividends $80,000
Common dividends 320,000400,000
Balance, end of year 1,600,000
Total stockholders equity $4,000,000
Sales $17,920,000
Interest expense $96,000
Assuming that total assets were $6,000,000 at the beginning of the current fiscal year, determine the following: Round your answers to one decimal place.
a. Ratio of fixed assets to long-term liabilities fill in the blank 1
1.9
b. Ratio of liabilities to stockholders' equity fill in the blank 2
0.7
c. Asset turnover fill in the blank 3
2.8
d. Return on total assets fill in the blank 4
31.3
%
e. Return on stockholders equity fill in the blank 5
50
%
f. Return on common stockholders equity fill in the blank 6
%

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