[honkyhun]

Property Plan, equipment (net): $2,700,000
Current Liabilities: $666,500
Mortgate note payable, 8%: 1,8000.000
Total liabilities: $$2466,500

Stockholders equity:
Preferred stock $10, $100par no change: $1,200,000
Common Stock, $10par no change: $1,000.000

Retained earnings:
Balance beginning of the year: $2,203,000
Net income: 750,000 ----- $2,953,000
Preferred dividends: $120,000
Common dividends: $100,000 --- $220,000
Balance, end of year: $2,733,000

Total stockholders equity: $4,933,000
Net sales: $17,211,375
Interest expense: $144,000

The following data were taken from the financial statements of Ares Inc. for the current fiscal year.

Assuming that long-term investments totaled $3,000,000 throughout the year and that total assets were $6,250,000 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: 1.5
b. Ratio of liabilities to stockholders' equity: .5
c. Ratio of net sales to assets: 7
d. Rate earned on total assets: .12%
e. Rate earned on stockholders' equity: .51 %
f. Rate earned on common stockholders' equity: .63%

I think I got the first 2 right, but Im not sure on the last 4 questions. Please help.

[honkyhun]

Never mind I got it!

[mikebenefield]

What did you get