Six Measures of Solvency or ProfitabilityThe following data were taken from the financial statements of Gates Inc. for the current fiscal yearProperty, plant, and equipment (net)Liabilities$2,090,700Current liabilitiesNote payable, 6%, due in 15 yearsTotal liabilities$183,000909,000$1,092,000Stockholders' equityPreferred $2 stock, $100 par (no change during year)Common stock, $10 par (no change during year)$655,200655,200Retained earningsBalance, beginning of yearNet incomePreferred dividendsCommon dividendsBalance, end of year$698,000273,000 $971,000$13,10484,29697,400873,600$2,184,000$15,650,600$54,540Total stockholders' equitySalesInterest expense

Question
Asked May 5, 2019

Hello, how do I solve this problem?

I attached the bottom part of the question and what it's asking for since it wouldn't fit in the screenshot.

Assuming that total assets were $3,112,000 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 %
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)
Liabilities
$2,090,700
Current liabilities
Note payable, 6%, due in 15 years
Total liabilities
$183,000
909,000
$1,092,000
Stockholders' equity
Preferred $2 stock, $100 par (no change during year)
Common stock, $10 par (no change during year)
$655,200
655,200
Retained earnings
Balance, beginning of year
Net income
Preferred dividends
Common dividends
Balance, end of year
$698,000
273,000 $971,000
$13,104
84,296
97,400
873,600
$2,184,000
$15,650,600
$54,540
Total stockholders' equity
Sales
Interest expense
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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) Liabilities $2,090,700 Current liabilities Note payable, 6%, due in 15 years Total liabilities $183,000 909,000 $1,092,000 Stockholders' equity Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) $655,200 655,200 Retained earnings Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year $698,000 273,000 $971,000 $13,104 84,296 97,400 873,600 $2,184,000 $15,650,600 $54,540 Total stockholders' equity Sales Interest expense

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Step 1

(a) Determine the ratio of fixed assets to long term liabilities:

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Step 2

(b) Determine the ratio of liabilities to stockholders\\' equity:

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Step 3

(c) Determine the asset turn...

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