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

Property, plant, and equipment (net)						$1,355,200
Liabilities:
	Current liabilities			$170,000
	Note payable, 6%, due in 15 years			847,000
	Total liabilities					$1,017,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$1,525,500
	Common stock, $10 par (no change during year)					1,525,500
Retained earnings:
	Balance, beginning of year	$1,628,000
	Net income	524,000		$2,152,000
	Preferred dividends	$61,020
	Common dividends	56,980		118,000
	Balance, end of year					2,034,000
Total stockholders' equity						$5,085,000
Sales						$27,962,650
Interest expense						$50,820

Assuming that total assets were $5,797,000 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	%

The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:

Bonds payable, 8%	$1,300,000
Preferred $10 stock, $100 par	163,000
Common stock, $7 par	422,170.00

Income before income tax was $374,400, and income taxes were $56,550 for the current year. Cash dividends paid on common stock during the current year totaled $126,651. The common stock was selling for $60 per share at the end of the year.

Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required.

a. Times interest earned ratio		times
b. Earnings per share on common stock	$
c. Price-earnings ratio
d. Dividends per share of common stock	$
e. Dividend yield