Question: Asset Turnover % Return on total assets % Return on stockholders equity % Return on common Stockholders equity % Six Measures of Solvency or Profitability
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) $2,006,000 Liabilities: Current liabilities $200,000 Note payable, 6%, due in 15 years 1,003,000 Total liabilities 51,203,000 Stockholders' equity: Preferred $2 stock. $100 par (no change during year) $721.800 Common stock, 510 par (no change during year) 721,800 Retained earnings: Balance, beginning of year $770,000 Net Income 386,000 $1,150,000 Preferred dividends $14,436 Common dividends 179,164 193,600 962.400 Balance, end of year $2.406,000 Total stockholders' equity $10,284,000 560,150 Interest expense Asturing that long-term investments totaled $1,805,000 throughout the year and the total arts were $3,429,000 at the beginning of the current fiscal determine the following. When repareren toon decimal place
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