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

Property, plant, and equipment (net)						$2,484,000
Liabilities:
	Current liabilities			$216,000
	Note payable, 6%, due in 15 years			1,080,000
	Total liabilities					$1,296,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$777,600
	Common stock, $10 par (no change during year)					777,600
Retained earnings:
	Balance, beginning of year	$830,000
	Net income	352,000		$1,182,000
	Preferred dividends	$15,552
	Common dividends	129,648		145,200
	Balance, end of year					1,036,800
Total stockholders' equity						$2,592,000
Sales						$10,897,300
Interest expense						$64,800

Assuming that long-term investments totaled $1,944,000 throughout the year and that total assets were $3,694,000 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

The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: $2,484,000 Current liabilities Note payable, 6%, due in 15 years Total liabilities $216,000 1,080,000 $1,296,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $777,600 Common stock, $10 par (no change during year) 777,600 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year $830,000 352,000 $1,182,000 $15,552 129,648 145,200 Total stockholders' equity Sales Interest expense 1,036,800 $2,592,000 $10,897,300 $64,800 Assuming that long-term investments totaled $1,944,000 throughout the year and that total assets were $3,694,000 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