Five Measures of Solvency or Profitability

The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following:

Income before income tax expense was $$100,800,$ and income taxes were $$14,400$ for the current year. Cash dividends paid on common stock during the current

year totaled $$19,584.$ The common stock was selling for $$120$ per share at the end of the year.

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

times

b$.$ Earnings per share on common stock

c$.$ Price$-$earnings ratio

d$.$ Dividends per share of common stock