Business, 19.12.2019 22:31 roblesjairus

Property, plant, and equipment (net) $3,200,000 liabilities: current liabilities $1,000,000 note payable, 6%, due in 15 years 2,000,000 total liabilities $3,000,000 stockholders’ equity: preferred $10 stock, $100 par (no change during year) $1,000,000 common stock, $10 par (no change during year) 2,000,000 retained earnings: balance, beginning of year $1,570,000 net income 930,000 $2,500,000 preferred dividends $100,000 common dividends 400,000 500,000 balance, end of year 2,000,000 total stockholders’ equity $5,000,000 sales $18,750,000 interest expense $120,000 assuming that total assets were $7,000,000 at the beginning of the current fiscal year, determine the following. 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

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Property, plant, and equipment (net) $3,200,000 liabilities: current liabilities $1,000,000 note pa...

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