The following data were taken from the financial statements of Whiting Enterprises Inc. for the current fiscal

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The following data were taken from the financial statements of Whiting Enterprises Inc. for the current fiscal year. Assuming that long-term investments totaled $1,000,000 for the past two years and that total assets were $14,400,000 at the beginning of the year, determine the following:

(a) Ratio of fixed assets to long-term liabilities,

(b) Ratio of liabilities to stockholders’ equity,

(c) Ratio of net sales to assets,

(d) Rate earned on total assets,

(e) Rate earned on stockholders’ equity, and

(f) Rate earned on common stockholders’ equity. Round to one decimalplace.

The following data were taken from the financial Whiting Enterprises
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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