Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $1,657,500 Liabilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales Interest expense $1,872,000 $195,000 975,000 591,000 $2,463,000 $35,100 87,900 123,000 $1,170,000 $1,755,000 1,755,000 2,340,000 $5,850,000 $35,591,400 $58,500

Six Measures of Solvency or Profitability The followina data were taken from the financial statements of I mueseth Ine for the current fiscal vear. Assuming that total assets were $6,669,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place