Reference no: EM133107949

Question - Six Measures of Solvency or Profitability - The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.

Property, plant, and equipment (net)			$1,471,400
Liabilities:
Current liabilities		$209,000
Note payable, 6%, due in 15 years		1,051,000
Total liabilities			$1,260,000
Stockholders' equity:
Preferred $2 stock, $100 par (no change during year)			$945,000
Common stock, $10 par (no change during year)			945,000
Retained earnings:
Balance, beginning of year	$1,008,000
Net income	347,000	$1,355,000
Preferred dividends	$18,900
Common dividends	76,100	95,000
Balance, end of year			1,260,000
Total stockholders' equity			$3,150,000
Sales			$28,810,000
Interest expense			$63,060

Assuming that total assets were $4,190,000 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