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) $900,000 Liabilities $120,000 Current liabilities 600,000 Mortgage note payable, 8%, issued 2003, due 2019 Total liabilities $720,000 Stockholders' equity: $1,080,000 Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) 1,080,000 Retained earnings: Balance, beginning of year $1,152,000 Net income 411,000 $1,563,000 Preferred dividends $21,600 Common dividends 101,400 123,000 Balance, end of year 1,440,000 $3,600,000 Total stockholders' equity $11,491,200 Net sales $48,000 Interest expense Assuming that long-term investments totaled $2,160,000 throughout the year and that total assets were $4,104,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place