Six Measures of Solvency or Profitability
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, due in years
Total liabilities $
Stockholders' equity:
Preferred $ stock, $ par no change during year $
Common stock, $ 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 $
Assuming that total assets were $ at the beginning of the current fiscal year, determine the following: When required, round to one decimal place.
a Ratio of fixed assets to longterm 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
