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Six Measures of Solvency or Profitability

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

Property, plant, and equipment (net)						$1,850,200
Liabilities:
	Current liabilities			$167,000
	Note payable, 6%, due in 15 years			841,000
	Total liabilities					$1,008,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$1,512,000
	Common stock, $10 par (no change during year)					1,512,000
Retained earnings:
	Balance, beginning of year	$1,612,000
	Net income	505,000		$2,117,000
	Preferred dividends	$60,480
	Common dividends	40,520		101,000
	Balance, end of year					2,016,000
Total stockholders' equity						$5,040,000
Sales						$24,177,700
Interest expense						$50,460

Assuming that total assets were $5,746,000 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	%

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