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)						$1,822,000
Liabilities:
	Current liabilities			$181,000
	Mortgage note payable, 10%, ten-year note issued two years ago			911,000
	Total liabilities					$1,092,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$655,200
	Common stock, $10 par (no change during year)					655,200
Retained earnings:
	Balance, beginning of year	$698,000
	Net income	296,000		$994,000
	Preferred dividends	$13,104
	Common dividends	107,296		(120,400)
	Balance, end of year					873,600
Total stockholders' equity						$2,184,000
Sales						$9,647,200
Interest expense						$74,504
Beginning-of-the-year amounts:
	Property, plant, and equipment (net)					$ 1,638,000
	Total assets					3,112,000
	Retained earnings					698,000

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	fill in the blank 1 %
b.	Ratio of fixed assets to long-term liabilities	fill in the blank 2
c.	Ratio of liabilities to stockholders' equity	fill in the blank 3
d.	Asset turnover	fill in the blank 4
e.	Return on total assets	fill in the blank 5 %
f.	Return on stockholders' equity	fill in the blank 6 %
g.	Return on common stockholders' equity	fill in the blank 7 %

Answer rating: 100% (QA)

a The debt ratio is a measure of a companys financial leverage calculated as the companys total liab... View the full answer