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

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The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $2,457,400 Liabilities: Current liabilities $224,000 Note payable, 6%, due in 15 years 1,117,000 Total liabilities $1,341,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $2,011,500 Common stock, $10 par (no change during year) 2,011,500 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends 2.682,000 Balance, end of year Total stockholders' equity $5,705.000 $32,949,000 Sales $2,146,000 665,000 $2,811,000 $80.460 48,540 129,000 Interest expense $67,020 Assuming that total assets were $7,644,000 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 8 d. Return on total assets 1% e. Return on stockholders' equity 86 1. Return on common stockholders equity The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $2,457,400 Liabilities: Current liabilities $224,000 Note payable, 6%, due in 15 years 1,117,000 Total liabilities $1,341,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $2,011,500 Common stock, $10 par (no change during year) 2,011,500 Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends 2.682,000 Balance, end of year Total stockholders' equity $5,705.000 $32,949,000 Sales $2,146,000 665,000 $2,811,000 $80.460 48,540 129,000 Interest expense $67,020 Assuming that total assets were $7,644,000 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 8 d. Return on total assets 1% e. Return on stockholders' equity 86 1. Return on common stockholders equity

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Required a Ratio of fixed assets to longterm liabilities Fixed assets Long term ... View the full answer