The following data were taken from the financial statements of Bendax Enterprises Inc. for the current fiscal year. Assuming that long-term investments totaled $240000 throughout the year and total assets were $2525000 at the beginning of the 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, and (f) rate earned on common stockholders' equity. Round to one decimal place.
Property, plant, and equipment (net)............................................ $1200000
Liabilities:
Current liabilities................................................................. $60000
Mortgage note payable, 8%, issued 1997, due 2013....... 825000
Total liabilities..................................................................... $885000
Stockholders' equity:
Preferred $9 stock, $100 par (no change during year).... $250000
Common stock, $20 par (no change during year)........... 800000
Retained earnings:
Balance, beginning of year................................................ $600000
Net income.......................................................................... 216000 $816000
Preferred dividends........................................................... $22500
Common dividends........................................................... 57600 $80100
Balance, end of year......................................................... 735900
Total stockholders' equity............................................................ $1785900
Net sales........................................................................................... $3600000
Interest expense.............................................................................. $66000