Five Measures of Solvency or Profita bility f the current fiscal year indicated the following: The balance sheet for Garcon Inc. at the end Bonds payable, 8% $1,500,000 Preferred $5 stock, $100 par 212.000 Common stock, $14 par 200,340.00 the end of the year Income before income tax was $180,000, and income taxes were $26,300 for the current year. Cash dividends paid on common stock during the current year totaled $35,775. The common stock was selling for $100 per share Determine each of the following, Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements. if required, a. Times interest earned ratio 2.5 times 10.74 X b. Farninas per share on common stock 9.31 X . Price-earnings ratio d. Dividends per share c common stock 2.50 Dividend vield Feedeck TCheck r Vwork , plvide the sum of income before income tax plus interest expense by interest expense, Interest equals the bond payable amount times the interest rate on the bonds . Divide net income (which is income before taxes less income taxes) minus preferred dividends by common shares outstanding (common stock par value). . Divide common market share price (or selling price at the end of the year) by common earnings per share (from requirement c). . Divide common dividends by common shares outstanding (common stock + par value). . Divide common dlvidends per share (from requirement e) by share price (or selling price at the end f the vear)