Nineteen Measures of Solvency and Profitability

The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $62 on December 31, 2016.

Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $62 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 Add net income for year Total Deduct dividends $1,735,500 355,500 $2,091,000 $2,045,800 473,600 $2,519,400 On preferred stock $7,700 37,500 $45,200 $2,474,200 $7,700 37,500 $45,200 $2,045,800 On common stock Total Retained earnings, December 31