Six measures of solvency or profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $10 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 $1,570,000 930,000 (100,000) (400,000) $3,200,000 $1,000,000 2,000,000 $3,000,000 $1,000,000 2,000,000 2,000,000 $5,000,000 $18,900,000 $120,000