Please answer with explanations asset turnover, return on total assets, return on stockholders equity and return on common stockholders equity .Thx Six Measures of Solvency or ProfitabilityThe following data were taken from the financial statements of Gates Inc. for the current fiscal year.$1,725,000Property, plant, and equipment (net)Liabilities:Current liabilities$150,000Note payable, 6%, due in 15 years750,000Total liabilities$900,000Stockholders' equity:Preferred $4 stock, $100 par (no change during$540,000year)Common stock, $10 par (no change during year)540,000Retained earnings:Balance, beginning of year$576,000Net income219,000 $795,000Preferred dividends$21,600Common dividends53,40075,000Balance, end of year720,000Total stockholders' equity$1,800,000Sales11 846 250&6.789.y еBookA CalculatorRetained earnings:Balance, beginning of year$576,000Net income219,000 $795,000Preferred dividends$21,600Common dividends53,40075,000Balance, end of year720,000Total stockholders' equity$1,800,000Sales$11,846,250Interest expense$45,000Assuming that total assets were $2,565,000 at the beginning of the current fiscal year, determine the following. When required, round to onedecimal place.a. Ratio of fixed assets to long-term liabilities2.3b. Ratio of liabilities to stockholders' equity0.5c. Asset turnoverd. Return on total assets%e. Return on stockholders' equityf. Return on common stockholders' equity%24&8backsetykCVmaltctrl

Asset Turnover ratio represents the contribution of assets in revenue creation. Return on Assets…

Answered: Please answer with explanations asset…

Please answer with explanations asset turnover, return on total assets, return on stockholders equity and return on common stockholders equity .Thx

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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