The following data were taken from the financial statements of Gates Inc. for the current fiscal year.
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Question:
The following data were taken from the financial statements of Gates Inc. for the current fiscal year.
Assuming that long-term investments totaled $1,272,000 throughout the year and that total assets were $2,417,000 at the beginning of the current fiscal year, determine the following. Round to one decimal place.
a. Ratio of fixed assets to long-term liabilities 1.60
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 ?
f. Rate earned on common stockholders' equity ?
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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