EX 14-20 Five measures of solvency or profitability Obj. 4, 5 s The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the /C.Price-earnings ratio, 10.0 following: Bonds payable, 8% Preferred $4 stock, $50 par Common stock, $10 par $5,000,000 2,500,000 5,000,000 Income before income tax was $3,000,000, and income taxes were $1,200,000 for the current year. Cash dividends paid on common stock during the current year totaled $1,200 ,000. The common stock was selling for $32 per share at the end of the year. Determine each of the following: )times interest earned ratio (B) earnings per share on common stock, (C) price-earnings ratio, (D) dividends per share of common stock, and (E) dividend yield. (Round ratios and percentages to one decimal place, except for per-share amounts.) EXERCISE 14-20 A. Times Interest Earned- B. Earnings per Share on Common Stock = C. Price-Earnings Ratio = D. Dividends per Share of Common Stock E. Dividend Yield=