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$)$

$$1,833,500$

Liabilities:

Current liabilities

$[$$$193,000],[965,000],[$$$1,158,000]$

Note payable, $6\%,$ due

in $15$ years

Total liabilities

$$1,158,000$

Stockholders' equity:

Preferred $$2$ stock,

$$100$ par $($no change

$$1,737,000$

during year$)$

Common stock, $$10$

par $($no change during

year$)$

$1,737,000$

Retained earnings:

Balance, beginning of year

$\backslash$table$[[$Net income,$656,000,$$$2,508,000,],[$Preferred dividends,$$34,740,,],[$Common dividends,$157,260,192,000,],[$Balance$,$ end of year,,,$2,316,000$