Five Measures of Solvency or Profitability

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

Bonds payable, 10%$1,000,000Preferred $5 stock, $50 par157,000Common stock, $13 par127,562.5

Income before income tax expense was $250,000,and income taxes were $38,050 for the current year. Cash dividends paid on common stock during the current year totaled $32,381. The common stock was selling for $220 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 ratiofill in the blank 1timesb. Earnings per share on common stock$fill in the blank 2c. Price-earnings ratiofill in the blank 3d. Dividends per share of common stock$fill in the blank 4e. Dividend yieldfill in the blank 5%