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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) Liabilities: $959,400 147,000

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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) Liabilities: $959,400 147,000 738,000 Current liablities Note payable. 6%, due n 15 years Total iabilities $885,000 Stockholders' equity: Preferred $4 stock $100 par (no change during year) Common stock, $10 par (no change during year) $1,327,500 1.327,500 Retained earmings $1.416.000 Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year 435,000 $1.851,000 $53,100 27,90081,000 Total stockholders equity Sales Interest expense 770,000 $4,425,000 26,405.250 44.280 Assuming thart total assets were $3.045,000 at the beginning of the curment facal year determine the following, When required, round to one decimal place a. Ratio of foed assets to long-term ables 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 1.3 0.2 5.96 9.6 | % 9.81 % 1.51 %

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