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$)$

Liabilities:

Current liabilities

$$129,000$

Note payable, $6\%,$ due in $15$ years

Total liabilities

Stockholders' equity:

Preferred $$2$ stock, $$100$ par $($no change during year$)$

$$464,400$

Common stock, $$10$ par $($no change during year$)$

$464,400$

Retained earnings:

Balance, beginning of year

$$774,000$

Net income

Preferred dividends

Common dividends

Balance, end of year

Total stockholders' equity

Sales

Interest expense

$\backslash$table$[[619,200],[$$$1,548,000$