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res of Solvency or Profitabi Six Measures of Solvency or Profitability The following data were taken from the financial statements of Olvideo Enterprises Inc. for
res of Solvency or Profitabi Six Measures of Solvency or Profitability The following data were taken from the financial statements of Olvideo Enterprises Inc. for the current fiscal year Property, plant, and equipment (net) Liabilities $852,000 $142,000 Current liabilities Mortgage note payable, 896, issued 2005, due 2021 Total liabilities 710,000 $852,000 Stockholders' equity Preferred $2 stock, $100 par (no change during year) $852,000 Common stock, $10 par (no change during year) 852,000 Retained earnings: $908,000 Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year 302,000 $1,210,000 $17,040 56,960 74,000 Total stockholders' equity Sales Interest expense 1,136,000 $2,840,000 $7,715,400 $56,800
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