fix measures of solvency or profitability

Ch 17-3 Exercises and Problems Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 10% $2,000,000 Preferred $10 stock, $50 par $242,000 Common stock, $13 par $302,016.00 Income before income tax was $740,000, and income taxes were $110,800 for the current year. Cash dividends paid on common stock during the current year totaled $223,724. The common stock was selling for $275 per share at the end of 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 c. Price-earnings ratio d. Dividends per share of common e. Dividend yield