Five Measures of Solvency or ProfitabilityThe balance sheet for Garcon Inc. at the end...

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Accounting

Five Measures of Solvency or Profitability
The balance sheet for Garcon Inc. at the end of the currentfiscal year indicated the following:
Bonds payable, 8% $1,200,000
Preferred $10 stock, $100 par 104,000
Common stock, $11 par 70,928.00
Income before income tax was $201,600, and income taxes were$30,000 for the current year. Cash dividends paid on common stockduring the current year totaled $53,196. The common stock wasselling for $275 per share at the end of the year.
Determine each of the following. Round answers to one decimalplace, except for dollar amounts which should be rounded to thenearest whole cent. Use the rounded answers for subsequentrequirements, if required.
a. Times interest earned ratio times
b. Earnings per share on common stock $
c. Price-earnings ratio
d. Dividends per share of common stock $
e. Dividend yield %

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In: AccountingFive Measures of Solvency or ProfitabilityThe balance sheet for Garcon Inc. at the end of...Five Measures of Solvency or ProfitabilityThe balance sheet for Garcon Inc. at the end of the currentfiscal year indicated the following:Bonds payable, 8%$1,200,000Preferred $10 stock, $100 par104,000Common stock, $11 par70,928.00Income before income tax was $201,600, and income taxes were$30,000 for the current year. Cash dividends paid on common stockduring the current year totaled $53,196. The common stock wasselling for $275 per share at the end of the year.Determine each of the following. Round answers to one decimalplace, except for dollar amounts which should be rounded to thenearest whole cent. Use the rounded answers for subsequentrequirements, if required.a. Times interest earned ratiotimesb. Earnings per share on common stock$c. Price-earnings ratiod. Dividends per share of common stock$e. Dividend yield%

Bonds payable, 8%	$1,200,000
Preferred $10 stock, $100 par	104,000
Common stock, $11 par	70,928.00

a. Times interest earned ratio		times
b. Earnings per share on common stock	$
c. Price-earnings ratio
d. Dividends per share of common stock	$
e. Dividend yield		%