The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets.

Property, plant, and equipment (net)						$1,689,600
Liabilities:
	Current liabilities			$210,000
	Mortgage note payable, 10%, ten-year note issued two years ago			1,056,000
	Total liabilities					$1,266,000
Stockholders' equity:
	Preferred $4 stock, $100 par (no change during year)					$949,500
	Common stock, $10 par (no change during year)					949,500
Retained earnings:
	Balance, beginning of year	$1,012,000
	Net income	391,000		$1,403,000
	Preferred dividends	$37,980
	Common dividends	99,020		137,000
	Balance, end of year					1,266,000
Total stockholders' equity						$3,165,000
Sales						$9,047,200
Interest expense						$97,160
Beginning-of-the-year amounts:
	Property, plant, and equipment (net)					$ 2,216,000
	Total assets					4,209,000
	Retained earnings					1,012,000

Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders’ equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders’ equity, and (g) return on common stockholders' equity. Round to two decimal places.

a.	Debt ratio	%
b.	Ratio of fixed assets to long-term liabilities
c.	Ratio of liabilities to stockholders’ equity
d.	Asset turnover
e.	Return on total assets	%
f.	Return on stockholders’ equity	%
g.	Return on common stockholders’ equity	%

Answer rating: 100% (QA)

a Debt ratio Debt Ratio Total Liabilities Total Assets 100 Total Liabilities 1266000 Total Assets Total Liabilities Total Stockholders Equity 1266000 ... View the full answer