Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as...
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Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $58 on December 31, 2016. Blige Inc Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 Add net income for year Total Deduct dividends $1,658,325 374,400 $2,032,725 $1,402,175 287,200 $1,689,375 $12,600 18,450 $31,050 $2,001,675 $12,600 18,450 $31,050 $1,658,325 On preferred stock On common stock Total Retained earnings, December 31
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