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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

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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 $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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