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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) Liabilities: Current liabilities

image text in transcribed The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) Common stock, \$10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales Interest expense $1,839,400 $217,000 1,082,000 $1,299,000 $974,250 974,250 $1,040,000 Assuming that total assets were $4,319,000 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 x d. Return on total assets % e. Return on stockholders' equity % f. Return on common stockholders' equity %

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