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

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The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: $1,470,600 Current liabilities $164,000 Note payable, 6%, due in 15 years 817,000 Total liabilities $981,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during $1,471,500 year) Common stock, $10 par (no change during year) 1,471,500 Retained earnings: Balance, beginning of year $1,570,000 Net income 560,000 $2,130,000 Preferred dividends $29,430 Common dividends 138,570 168,000 Balance, end of year 1,962,000 Total stockholders' equity Sales $4,905,000 $36,155,700 Interest expense $49,020 Assuming that total assets were $5,592,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. 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 f. Return on common stockholders' equity % The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: $1,470,600 Current liabilities $164,000 Note payable, 6%, due in 15 years 817,000 Total liabilities $981,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during $1,471,500 year) Common stock, $10 par (no change during year) 1,471,500 Retained earnings: Balance, beginning of year $1,570,000 Net income 560,000 $2,130,000 Preferred dividends $29,430 Common dividends 138,570 168,000 Balance, end of year 1,962,000 Total stockholders' equity Sales $4,905,000 $36,155,700 Interest expense $49,020 Assuming that total assets were $5,592,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. 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 f. Return on common stockholders' equity %

Answer rating: 100% (QA)

Ca Ratio of ficed assets to long term liabilities Fixed assetsLong term liabilities 1470600817000 ... View the full answer