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Six Measures of Solvency or Profitability The following data were taken from the financial statements...

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Accounting

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)
$1,654,800
Liabilities:
Current liabilities
Note payable, 6%, due in 15 years
Total liabilities
$1,419,000
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
$1,419,000
1,419,000
Balance, end of year
Total stockholders' equity
Sales
Interest expense
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
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