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Six Measures of Solvency or Profitability The following data were taken from the financial statements...

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Accounting

Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year.Property, plant, and equipment (net)
$1,533,400
Liabilities:
Current liabilities
Note payable, 6%, due in 15 years
Total liabilities
Stockholders' equity:
Preferred $2 stock, $100 par (no change during year)
Common stock, $10 par (no change during year)
Retained earnings:
\table[[Balance, beginning of year,$536,000,,],[Net income,212,000,$748,000,],[Preferred dividends,$10,044,,],[Common dividends,68,356,78,400,],[Balance, end of year,,,669,600],[Total stockholders' equity,,,$1,674,000
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