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Nineteen Measures of Solvency and Profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel Inc. common stock was
Nineteen Measures of Solvency and Profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel Inc. common stock was $119.70 on December 31, 2016 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2015 $4,545,000 322,00 2016 Retained earnings, January 1 Add net income for year Total Deduct dividends: $5,375,000 900,000 $6,275,000 $45,000 50,000 $95,000 $6,180,000 $45,000 50,000 $95,000 $5,375,000 On preferred stock On common stock Total Retained earnings, December 31
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