Six Measures of Solvency or Profitability
The following data were taken from the financial statements of Olvideo Enterprises Inc. for the current fiscal year.
|Property, plant, and equipment (net)||$1,173,200|
|Mortgage note payable, 8%, issued 2005, due 2021||838,000|
|Preferred $2 stock, $100 par (no change during year)||$1,005,000|
|Common stock, $10 par (no change during year)||1,005,000|
|Balance, beginning of year||$1,072,000|
|Balance, end of year||1,340,000|
|Total stockholders' equity||$3,350,000|
Assuming that long-term investments totaled $2,178,000 throughout the year and that total assets were $4,137,000 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. Ratio of sales to assets|
|d. Rate earned on total assets||%|
|e. Rate earned on stockholders' equity||%|
|f. Rate earned on common stockholders' equity||%|
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