713 Chapter 14 Financial Statement Analysis EX 14-19 Six measures of solvency or profitability The following data were taken from the financial statements of Gate year Obj. 4, 5 s Inc. for the current fiscal Property, plant, and equipment (net) . Liabilities . . $ 3,200,000 $1,000,000 2,000,000 Note payable, 6%, due in 1 5 years . . . . . . . . . . . . . . . . . . . 3,000,000 Stockholders' equity Preferred $10 stock, $100 par (no change during year)... Common stock, $10 par (no change during year) . 1,000,000 2,000,000 Retained earnings: Balance, beginning of year Net income $1,570,000 930,000 $2,500,000 $ 100,000 Common dividends Balance, end of year 400,000 500,000 2,000,000 $5,000,000 $18,900,000 $ 120,000 Total stockholders' equity.. Sales Assuming that long-term investments totaled $3,000,000 throughout the year and that total assets were $7,000,000 at the beginning of the current fiscal year, determine the following: (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, and (F) return on com- mon stockholders' equity. (Round ratios and percentages to one decimal place as appropriate.)