The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities $1,641,200 Current liabilities Note payable, 6%, due in 15 years Total liabilities $148,000 746,000 $894,000 Stockholders' equity Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) $1,341,000 1,341,000 Retained earnings Balance, beginning of year $1,430,000 515,000 $1,945,000 $26,820 130,180 Net income Preferred dividends Common dividends 157,000 1,788,000 $4,470,000 $27,719,000 $44,760 Balance, end of year Total stockholders' equity Sales Interest expense Assuming that total assets were $5,096,000 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 Check My Work 1 more Check My Work uses remaining