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 $4 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 $1,934,000 $194,000 967,000 $1,161,000 $1,741,500 1,741,500 $1,858,000 701,000 $2,559,000 $69,660 167,340 237,000 2,322,000 $5,805,000 $17,206,800 $58,020