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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) $1,494,000 Liabilities: Current

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

Property, plant, and equipment (net) $1,494,000 Liabilities: Current liabilities $166,000 Note payable, 6%, due in 15 years 830,000 Total liabilities $996,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $1,494,000 Common stock, $10 par (no change during year) 1,494,000 Retained earnings: Balance, beginning of year $1,594,000 Net income 583,000 $2,177,000 Preferred dividends $59,760 Common dividends 125,240 185,000 Balance, end of year 1,992,000 Total stockholders' equity $4,980,000 Sales $33,793,700 Interest expense $49,800 Assuming that total assets were $5,677,000 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 1.8 b. Ratio of liabilities to stockholders' equity 0.2 c. Asset turnover 5.8 d. Return on total assets 10.9% % 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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