=+

(c) ratio of net sales to assets,

(d) rate earned on total assets,

(e) rate earned on stockholders’

equity, and

(f) rate earned on common stockholders’ equity. Round to one decimal place.

Property, plant, and equipment (net) $1,200,000 Liabilities:

Current liabilities Mortgage note payable, 8%, issued 1997, due 2013 Total liabilities Stockholders’ equity:

Preferred $9 stock, $100 par

(no change during year)

Common stock, $20 par (no changi during year)

Retained earnings:

Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders’ equity Net sales Interest expense

$ 60,000 825,000

$ 885,000

$ 250,000 800,000

$600,000 216,000 $816,000

$ 22,500 57,600 80,100 735,900

$1,785,900

$3,600,000

$ 66,000