The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Assuming that long-term investments totaled $3,000,000 throughout the year and that total assets were $7,000,000 at the beginning of the current fiscal year, determine the following:

(a) Ratio of fixed assets to long-term liabilities,

(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.

Round to one decimalplace.

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Property, plant, and equipment (net). Liabilities S 3,200,000 Current liabilities. . _ Mortgage note payable, 6%, issued 2003, due 2019.. Total liabilities . .. $ 1,000,000 2,000,000 3,000,000 Stockholders'equity: Preferred $10 stock, $100 par (no change during year) Common stock, $10 par (no change during year) 1,000,000 2,000,000 Retained earnings: Balance, beginning of year..._.... $1,570,000 930,000 $2,500,000 Preferred dividends Common dividends Balance, end of year.. 100,000 400,000 500,000 2,000,000 $ 5,000,000 $18,900,000 120,000 ... Total stockholders'equity